| As a leading and basic industry in China,the circulation industry plays an important role in China's economic growth.The development of the circulation industry Beijing-Tianjin-Hebei Region will become a key factor in promoting the regional integration.As the growth rate has shown a declining trend and the economy has fell into an unbalanced condition in recent years,studying the dynamic relationship between the circulation industry and regional economic growth in Beijing-Tianjin-Hebei Region is particularly important,which is also beneficial to narrow the economic gap between the three places and promote the adjustment and optimization of the industrial structure.At present,few domestic scholars use models to study the dynamic relationship between the circulation industry and regional economic growth in Beijing-Tianjin-Hebei Region,so it is also the necessity of using VAR model to study the dynamic relationship between the two factors.Studying the relationship will help to understand the intrinsic relationship between them,and provide good policy recommendations for further promoting the rapid development of the circulation industry and regional economy.Based on the circulation industry and the Beijing-Tianjin-Hebei region's economic growth,this paper starts with the theory,and takes the dynamic relationship as the theme of the research.Then,this paper analyzes the status quo and the existing problems,and the factors which affect the development of the circulation industry in this region.Finally,using the data from 1997 to 2016,this paper establishs a VAR model to make an empirical analysis and study the linkage effect between the two factors.The conclusion indicated that the economic growth has a positive effect on the development of the circulation industry in this region.Finally,this paper proposes some measures to promote the growth of the circulation industry and regional economy of Beijing-Tianjin-Hebei Region. |
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