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The Effect of Urbanization on the Development of Circulation Industry: An Empirical Study

机译:城市化对流通业发展的影响:一项实证研究

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As the exchange place, a city's economic function is to enhance the trade efficiency and promote the sustainable development of circulation industry. This paper stresses that the empirical study which is used to test the relationship between urbanization and circulation industry is significant. The high-speed growth of China's economy implies that many economic variables are non-stationary but co-integration method and ECM model can be used to study the relationship among them. This paper uses ADL method to build a related ECM with yearly data of China. Finally, the results of the research indicate that the growth of urbanization helps to promote the circulation industry.
机译:作为交流场所,城市的经济功能是提高贸易效率,促进流通业的可持续发展。本文强调,用于检验城市化与流通业之间关系的实证研究具有重要意义。中国经济的高速增长意味着许多经济变量不是平稳的,但是可以使用协整方法和ECM模型研究它们之间的关系。本文采用ADL方法,利用中国的年度数据建立了一个相关的ECM。最后,研究结果表明,城市化的发展有助于促进流通业。

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