Empirical Study on the Evolution of Industrial Structures and Economic Growth in Shandong Province

An empirical study has been made on the relationship between the evolution of industrial structures and economic growth in Shandong Province,based on statistics from 1978 to 2011.The coefficients of industrial strata underlying the evolution are illustrated.After conducting a stationary test,a co-integration analysis and a Granger causality test of the variables,the authors have found that: i) there is a long-run equilibrium relationship between industrial evolution and economic growth,ii) industrial evolution causes the economic growth,and iii) industrial evolution may promote the economic growth.Based on the aforementioned study,it is very essential that Shandong Province should make efforts to optimize its industrial structures and to ensure a rapid development of its economy.