The Impact Analysis Of Foreign Trade To Economic Growth In Hebei Province

After30years of developmentdeve in china，the Socialist market economicsystem has been established，the economic growth was in a high level long time，Foreign trade also made considerable progress.Hebei As a coastal economicprovince，the Foreign trade should play an important role in the development ofeconomic，but Foreign Trade’s contribution to the economic growth rate is lower thanother coastal open cities，Even as some inland provinces.How can we improve thelevel of Hebei Foreign Trade？How to improve the foreign trade contribution toeconomic growth？This is the first issue of the paper.this article Follow the steps of asking questions,analyzing and solving problems，firstly，Analysis of nearly30years in Hebei Foreign Trade Development，Found thatthe contribution of foreign trade to economic growth in Hebei province is far lowerthan other coastal provinces of Shandong、Liaoning、Jiangsu,What causes HebeiForeign Trade Development difficult?To solve this problem，This paper analyzed fromthe perspective of both qualitatively and quantitatively，qualitative analysis basedmainly on theoretical research，In this paper,the theory including advantage theory ofAdam Smith and David Ricardo,and the theory of H-O model.According to the abovetheory，We can analyze the situation of Hebei Foreign Trade Development fromdivision of labor,and natural resources，Hebei Province has abundant natural resourcesand good harbor conditions.so Lower division level is the main reason of Foreigntrade level is not high,Due to the division are not clear that led to the irrational ofindustrial structure and trade structure,Ultimately be detrimental to the effect on theeconomy.Quantitative analysis is that useing the models to analyze the past30yearsHebei Foreign Trade-related data and draw conclusions，This paper selected data from1980to2010in Hebei province，By ADF test,cointegration test,Granger causalitytest，we can Draw a number of conclusions，there is a close link between economicgrowth and foreign trade in Hebei province，But the contact of import,export and GDPis not a two-way，The results show that Contribution of exports to economic growth in Hebei is greater than imports，And exports and economic growth are mutually driven，Insufficient import capacity has weakened the impact of foreign trade to economicgrowth,the reason is that unreasonable Trade policy,bad investment environment,weakindustrial base and so on。Finally,according to study results presented above，Specificmeasures to promote the development of foreign trade and economic growth at acoordinated development in Hebei.