Research Article
The Relationship Between Foreign Trade and Economic Development in Guangdong Province
@INPROCEEDINGS{10.4108/eai.24-5-2024.2350112, author={Hangxu Zuo and Mingjie Zheng and Erwei Wang}, title={The Relationship Between Foreign Trade and Economic Development in Guangdong Province}, proceedings={Proceedings of the 3rd International Conference on Mathematical Statistics and Economic Analysis, MSEA 2024, May 24--26, 2024, Jinan, China}, publisher={EAI}, proceedings_a={MSEA}, year={2024}, month={10}, keywords={trade-economic development granger causality test var model import and export trade}, doi={10.4108/eai.24-5-2024.2350112} }- Hangxu Zuo
Mingjie Zheng
Erwei Wang
Year: 2024
The Relationship Between Foreign Trade and Economic Development in Guangdong Province
MSEA
EAI
DOI: 10.4108/eai.24-5-2024.2350112
Abstract
This paper investigates the relationship between foreign trade and economic development in Guangdong Province, aiming to explore how Guangdong promotes economic development through foreign trade. Various econometric methods such as stationarity tests (ADF test), cointegration tests, Granger causality tests, and VAR models are employed to empirically analyze the data of Guangdong Province's GDP and total import and export volumes (Export and Import) from 2000 to 2023. The results indicate a significant positive correlation between foreign trade and economic growth in Guangdong Province. Export trade has a positive impact on high-quality economic development, while import trade shows a negative impact. This study provides theoretical references and empirical evidence for the future economic development of Guangdong Province.
