The Impact of Foreign Trade On the Change of Economic Growth Model in Zhejiang

This paper,based on the data of GDP and such relevant data as the import and export of Zhejiang,makes an analysis of the track of its foreign trade and economic development,and measures the four indicators such as the dependence on foreign trade,contribution rates,pulling degrees and flexibility quantitatively reflecting the relationship between foreign trade and economic growth.It then utilizes the co-integration theory and Granger causality test methods to empirically analyze the relationship between foreign trade and economic growth in Zhejiang.The results show that:a unidirectional Granger causality exists between export trade and economic growth.At the same time,through the establishment of error correction model(ECM),it concludes a good fitting result,which provides a new evidence for the hypothesis that export trade promotes economic growth(ELG).