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Empirical Analysis on the Impact of Bonded Logistics Area Development on Regional Economic Growth—— A Case Study of the Bonded Logistics Areas of Zhejiang Province |
DAI Xiaohong1,HE Xiaojie2 |
1. Zhejiang Financial College 2.
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Abstract China's bonded logistics areas are now in the critical period of integrated and optimized upgrading, which plays a leading role in the deepening of the reform and opening up and provides a strategic opportunity for the economic coordinated development and sustainable growth. With the data of Zhejiang Province from 1995 to 2015,with the VAR model, through co-integration test, impulse response function and variance decomposition, this paper studies empirically the dynamic effect of bonded logistics, bonded processing, import and export trade on the economic growth in Zhejiang Province. It is found that there is a long-term co-integration relationship between the regional variables of bonded logistics and the economic growth of Zhejiang Province;The impact on the strength of economic growth in Zhejiang Province is , based on the significance, sa follows: the value of bonded processing, total export-import volume, the value of logistics in the special customs supervision area;In the long run, the value of bonded processing and the total export-import volume have a positive promoting role. The value of logistics in the special customs supervision area shows a relatively small negative effect. Based on the research conclusion, this paper puts forward policy recommendations.
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Received: 01 November 2016
Published: 15 December 2016
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Corresponding Authors:
DAI Xiaohong
E-mail: grace168aa@aliyun.com
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