Impact of Industrial Hollowing on Regional Economic Growth Rate: An Empirical Analysis based on Shanghai’s Data

Yajie Bai, Maoguo Wu

Abstract


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.

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DOI: http://dx.doi.org/10.19044/esj.2018.v14n22p223

DOI (PDF): http://dx.doi.org/10.19044/esj.2018.v14n22p223


European Scientific Journal (ESJ)

 

ISSN: 1857 - 7881 (Print)
ISSN: 1857 - 7431 (Online)

 

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Publisher: European Scientific Institute, ESI.
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