Abstract

The total economic growth, economic level's enhancement is always accompanied by the evolution of industrial structure. This article carries on the filter with the HP method to 1978–2007 year Hebei Province GDP, based on which unit root test is conducted on filtered data, and establishes the unconstrained VAR model. Applying Granger causality check, Impulse response function and Variance decomposition, we analyses the Hebei Province industrial structure change and the financial development mutual influence and the causal relation. Came to the conclusion that adjustment of industrial structure has counterproductive to economic development, and Hebei remains to optimize the industrial structure.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.