The relationship between economic growth and foreign trade had been widely debated since the day that economist was born. There has been a wide range of academic research on the real link between foreign trade and economic growth during the hundreds of years. There are three different viewpoints: the trade promotion, the trade obstacles and compromise. But previous studies have focused largely on the national level. Attention to individual provinces study on the relationship between foreign trade and economic growth is insufficient. Zhejiang as the fourth largest trade province of China, Foreign trade and economic growth has experienced rapidly since the beginning of reform and opening up, but the empirical studies of the impact on Zhejiang's foreign trade and economic growth are extremely small, should be improved.
As the limitations of the current studies, this paper reviewed and analyzed the existing literature, at the same time, did empirical analysis on the impact of Zhejiang’s foreign trade to economic growth of the times, and come to the following conclusions: Zhejiang’s Foreign Trade has a great impact on economic growth. Finally, the paper also gives some relevant recommendations on how to promote Zhejiang’s Foreign Trade.
KEYWORDS: Zhejiang Province, Foreign Trade, Economic Growth, Granger Causality Test
目录