Empirical Study on FDI and Economic Growth in Zhejiang

摘要

Based on time series data from 1990 to 2010 of GDP per capita and the actual utilization of foreign investment of Zhejiang,as well as the method of Unit Root Test,Cointegration Test,Granger Causality Test and Error Correction Model,this essay makes an empirical analysis of the relationship between FDI and economic growth in Zheiiang.The result turns out that the actual utilization of foreign investment and the GDP per capita in Zhejiang have a steady equilibrium trend in the long run and a two-way causal relationship.Finally,this essay proposes a series of corresponding strategies.