Open AccessImpact of Industrial Hollowing on Regional Economic Growth Rate: An Empirical Analysis based on Shanghai’s Data
Author(s) -
Yajie Bai,
Maoguo Wu
Publication year - 2018
Publication title -
european scientific journal
Language(s) - English
Resource type - Journals
eISSN - 1857-7881
pISSN - 1857-7431
DOI - 10.19044/esj.2018.v14n22p223
Subject(s) - ordinary least squares , economics , econometrics , empirical research , time series , investment (military) , index (typography) , fixed asset , asset (computer security) , economic data , macroeconomics , mathematics , statistics , computer science , production (economics) , computer security , politics , world wide web , political science , law
The relation between industrial hollowing-out and Shanghai’s economic growth rate was analyzed by using ordinary least squares and ECM regression model. Data used in the empirical test was a monthly time series data from January 2003 to February 2017. Empirical results show Industrial producer price index, and the total amount of imports has a positive relationship with economic growth rate. However, fixed asset investment, land use cost, and labor resources cost have a negative impact on economic growth rate.