Research Article
An Empirical Study on the Impact of Urban and Rural Distribution Industries on Regional Economic Growth in Zhejiang Province--Based on Panel Data from 1978-2019
@INPROCEEDINGS{10.4108/eai.18-11-2022.2326917, author={Bin Wang and Xiaozhe Yun and Jirong Hu}, title={An Empirical Study on the Impact of Urban and Rural Distribution Industries on Regional Economic Growth in Zhejiang Province--Based on Panel Data from 1978-2019 }, proceedings={Proceedings of the 4th International Conference on Economic Management and Model Engineering, ICEMME 2022, November 18-20, 2022, Nanjing, China}, publisher={EAI}, proceedings_a={ICEMME}, year={2023}, month={2}, keywords={circulation industry; granger causality test; circulation industry; urban and rural differences;}, doi={10.4108/eai.18-11-2022.2326917} }- Bin Wang
Xiaozhe Yun
Jirong Hu
Year: 2023
An Empirical Study on the Impact of Urban and Rural Distribution Industries on Regional Economic Growth in Zhejiang Province--Based on Panel Data from 1978-2019
ICEMME
EAI
DOI: 10.4108/eai.18-11-2022.2326917
Abstract
The distribution industry connects production and consumption, plays the role of bridge and link between them, is a pioneering and basic industry of national economy, and can strongly promote the growth and high-quality development of regional economy. Based on the panel data from 1978-2019, the article explores the causal relationship between the urban and rural distribution industries and the regional economy in Zhejiang Province by using Granger causality analysis and constructing a Cobb Douglas model through unit root test and cointegration test. The study found that the development of urban and rural distribution industries and regional economic growth in Zhejiang Province are causally related to each other, and the development of urban distribution industry and rural distribution industry are also causally related to each other, and the urban distribution industry has a higher significance on regional economic growth than the rural distribution industry. Therefore, it is necessary to further develop the power of the circulation industry, especially to actively promote the development of the rural circulation industry, and actively guide the urban circulation industry to radiate and drive the rural circulation industry, so that the coordinated development of urban and rural circulation industry can promote the regional economic growth and high-quality development.