An Empirical Study Of The Impact Of Jilin Province's Opening On Economic Growth

2018 is the 40 th anniversary of China's implementation of the reform and opening up policy.Like other provinces in the country,Jilin Province has made great achievements in these 40 years.In September 2013,General Secretary Xi Jinping proposed a strategic concept for the construction of the “Silk Road Economic Belt” when visiting some countries in Central Asia.In recent years,there have been many trends in the international economy against globalization,such as the Brexit,US trade protection,and border repairing.At the 5th meeting of the 12 th National People's Congress on March 5,2017,Premier Li Keqiang pointed out that it is necessary to "promote the construction of the Belt and Road,strengthen strategic docking and pragmatic cooperation with countries along the route",and "One Belt,One Road" is China's "reverse" "Globalization" tends to be a recipe.On October 18,2017,General Secretary Xi Jinping stated in the report of the 19 th National Congress: "It will promote the formation of a new open pattern.The door to China's opening to the outside world will never be closed,and it will only grow wider." This has strengthened our country's Economic policies are still open to the outside world and will only be more open.Jilin Province has the Changjitu Development and Opening Pilot Area,which is an important part of the “One Belt,One Road” strategy.It should also seize the opportunity to continue to expand its opening up and thus drive economic growth.This paper first defines the concept and briefly introduces the relevant theories of economic growth.Secondly,it analyzes the mechanism of the impact of opening up on regional economic growth.Then it introduces the current situation of foreign trade in Jilin Province,the status quo of using foreign investment and economic growth.The status quo,and select the net export trade dependence,export dependence,import dependence,foreign direct investment dependence,actual use of foreign investment dependence,international tourism dependence and foreign contracted projects and labor cooperation dependence seven indicators,through The method of factor analysis constructs a comprehensive evaluation system for evaluating the degree of openness of Jilin Province.Finally,using the VAR model,an empirical analysis of the impact of Jilin Province's openness on economic growth was conducted to explore the short-term and long-term relationship between the two.Based on the above theoretical analysis and empirical analysis,the paper draws the following main conclusions: First,from 1987 to 2016,the GDP of Jilin Province showed a continuous upward trend,with an average annual growth rate of 14.02;the total import and export trade of Jilin Province continued.Rising,however,the growth of import and export trade was mainly driven by imports.Although the export volume has also maintained an upward trend in total,the proportion of import and export trade has been declining year by year.By 2016,the net export volume of Jilin Province has reached-The trade deficit is relatively serious in the US$10.31 billion.The use of foreign capital in Jilin Province has consistently increased,mainly due to the opening of Sino-foreign joint ventures;the foreign exchange income of international tourism in Jilin Province has been maintained at a low level;in foreign contracted projects and labor cooperation there is a lot of room for improvement.Second,the degree of openness of Jilin Province has increased from 9.39% in 1987 to 13.06% in 2016.During the period,the fluctuations were very large,reaching 42.84% at the highest.It can be seen that there is still much room for improvement in Jilin Province's opening to the outside world.Third,in the short-term,the degree of openness will promote economic growth,and the promotion will gradually increase with time.From another perspective,the degree of openness promotes the investment of fixed assets and labor to a certain extent,thus Indirectly promoted economic growth.In the long run,the degree of openness has a significant role in promoting economic growth,but its promotion effect is relatively small.For every 1% increase in GDP,the contribution to openness is 16.64%,which indicates that Jilin Province is not open enough.Sound and open to the outside world is not in line with the development of the province.