IB  Vol.2 No.2 , June 2010
An Empirical Study on the Contribution of Foreign Trade to the Economic Growth of Jiangxi Province, China
ABSTRACT
In open economy, development of foreign trade greatly impacts on GDP growth. Adapting simple regression for researching the relationship between foreign trade including total export and total import and GDP growth of Jiangxi province, with the collected 30-year statistical data from 1978 to 2007. The result indicates that foreign trade has contributed a lot to the GDP growth of foreign trade and still has great potential to be tapped. There is a positive correlation between the foreign trade and GDP. And import has influenced Jiangxi province’s economic growth more and more. Finally, the paper points out that in order to maintain the economic growth, Jiangxi must unswervingly implement the opening-up policy and be aware of trade protectionism.

Cite this paper
nullY. Li, Z. Chen and X. Wang, "An Empirical Study on the Contribution of Foreign Trade to the Economic Growth of Jiangxi Province, China," iBusiness, Vol. 2 No. 2, 2010, pp. 183-187. doi: 10.4236/ib.2010.22022.
References
[1]   J. Li, “A Study on the Foreign Trade during Chinese Economy Growth,” Ph. D. Dissertation, College of Economics, Jilin University, June 2006.

[2]   China Statistic Bureau, “China Statistics Year Book,” China Statistics Press, Beijing, 2008.

[3]   X. P. Liu, “An Empirical Study on Chinese Import and Export and Economic Growth-Research the Improvement of Foreign Trade to Economic Growth from the Growth Rate,” Journal of Modern Economic Science, Vol. 3, 2001, pp. 55-60.

[4]   X. M. Wang, “The All-Side Analysis of New International Trade,” People’s University of China Press, Beijing, January 2000.

 
 
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