Research On Trading Efficiency And Economic Growth Of Beijing-Tianjin-Hebei Region

The Beijing-Tianjin-Hebei region is another gathering strip of theChina’s population and economic activity, after the Pearl River Delta,Yangtze River Delta, and it’s China’s most important center of political,economic, cultural and technological. It is located in the Bohai Rim andthe important core area of the Northeast Asia, and it’s an importanteconomic growth point of China. The coordinated and sustainabledevelopment of the region, get more and more attention of thegovernment departments, but also become a hot research by scholars.In recent years, the Beijing-Tianjin-Hebei region maintains fasteconomic growth, but has a wide gap with the Pearl River Delta andYangtze River Delta, from both the total economy and the per capitadisposable income. Uneven development within the region has becomeincreasingly prominent, especially the development of Hebei Province issignificantly behind of the Beijing and Tianjin area. It can be said, fromthe national perspective, Hebei Province is the economic development ofthe "Heights"; see from the coastal areas, Hebei Province is the economicdevelopment of the basin. Therefore, to explore the source of theBeijing-Tianjin-Hebei region’s economic growth will have importantpractical significance for the health, coordinated and sustainabledevelopment of the Beijing-Tianjin-Hebei region. According to the new classical economics theory, this article discussed the economic law of theregional economic development, and studied the relationship betweenthe efficiency of the transaction and the economic growth in theBeijing-Tianjin-Hebei region. This article aims for providing ideas forthe formation of regional linkage and win-win development betweenBeijing, Tianjin and Hebei province.In this paper, on the basis of the results of previous studies, First ofall, analysis the connotation and influencing factors of the efficiency ofthe transaction, focusing on the trading efficiency’s impact to theeconomic growth. Second, build a trading efficiency index systemadapted to meet the economic development of the Beijing-Tianjin-Hebeiregion, and measure the trading efficiency index of the13districts of theBeijing-Tianjin-Hebei region between2001-2010by the method of factoranalysis. Again, inspect the relationship of the transaction efficiency andper capita GDP of the13districts of the Beijing-Tianjin-Hebei region,through a panel data model. Finally, propose policy recommendations forthe empirical results. Through analysis, this paper concludes as follows:(1) In2001-2010, the efficiency of the transaction in theBeijing-Tianjin-Hebei region showed a gradual upward trend, but thegrowth rate is different. At the same time, the structure of the efficiencyof the transaction exhibits different characteristics in different regions.Economically developed areas, there are obvious advantages in the trading system. Economically backward regions, trading technology hasmore prominent impact on the efficiency of the transaction.(2) By the test results of the panel data model: there is correlationbetween the trading efficiency and economic growth. That1%change inthe efficiency of the transaction, a1.37%change in per capita GDP of theregion, and that is to promote regional economic growth by improving theefficiency of the transaction.