Empirical Analysis on Impact of Financial Crisis on Export's Contribution Rate to GDP in Shandong Province

摘要

According to the domestic and foreign economic situation analysis and the new customs statistical data by the end of March 2010, this paper makes cointegration test and chow test on relation between export trade and GDP growth in Shandong Province. This paper reveals the relation between export trade and GDP growth in Shandong Province are stable in long-term but fluctuate in short-term. Then this paper reveals that financial crisis has an impact on export trade's contribution rate to GDP in Shandong Province. After financial crisis, the contribution rate has been improved to a less extent. This means that after the financial crisis the decline of export led greater decline of economic growth than before.