Release Time:2019-03-12  Hits:

Indexed by: Conference Paper

Date of Publication: 2013-01-01

Included Journals: CPCI-SSH

Page Number: 103-107

Key Words: FDI; Economic growth; Co-integration; Granger causality test

Abstract: According to the economic data during 1984 to 2009, established economic model of co-integration and error correction model between FDI and Zhejiang GDP by the ADF unit root test and co-integration; Granger Causality test showed that there exists a long-term stable relationship between Zhejiang's economic growth and FDI; FDI contributed significantly to Zhejiang's economic growth.