Researching the Factors of Economic Growth in the Yangtze River Delta Region —Based on the Panel Data of the City Domain

Based on the data of 25 cities in the Yangtze River Delta region of China, using the method of Lucas’ endogenous economic growth model and establishing the fixed effect panel model, this paper makes an empirical analysis on the relationship between the industrial structure, the capital stock, the utilization of foreign capital, the degree of opening up, the government function, the infrastructure, the human capital, the development level of domestic trade and the economic growth in the Yangtze River Delta region. The results show that there is a significant long-term equilibrium relationship between the eight major economic factors and economic growth, and Eight economic factors have a different contribution to economic growth; the industrial structure is the most significant contribution to economic growth and the utilization of foreign capital is the most insignificant contribution to economic growth.