Economic Growth Effect Analysis on Large-scale Infrastructure Construction--Taking Nanjing South Station as an Example

摘要

The construction of Nanjing South Station has brought unprecedented development opportunity to Nanjing city. The article analyzes economic growth effect by cointegration analysis, concluding that the direct construction investment of Nanjing South Station will draw GDP in Nanjing approximately 1.49% every year over the next four years. The indirectly driven investment by Nanjing South Station is more enormous, so the driving function of economic growth will be more remarkable. The Granger causal relation examination indicates that economic growth will promote investment, sustained increase of economy has vital significance to the construction and function exertion of Nanjing south station as well as attached matching facilities.