An Empirical Analysis on the Relationship between Economic Openness and Conductive Growth in Shandong

In this article, foreign trade reliance, foreign investment reliance and foreign economic cooperation reliance constitute the measure target of economic openness. According to the statistical data from 1990-2007, this article measures foreign economic openness and analyzes the relationship between Shandong economic openness and growth experimentally. Through such an analysis, the following conclusion is drawn: Shandong economic openness has been growing fast, but stays low compared with national average and other coastal provinces; the extent of economic openness is largely determined by the foreign trade reliance; economic openness, foreign trade reliance and foreign cooperation reliance each pose a direct proportion to GDP, however, foreign investment reliance has little to do with GDP; the flexibility of foreign trade reliance on economic growth is higher than that of economic openness; the contribution of total volume of imports and exports to the economic growth of Shandong is by far higher than that of direct foreign investment and foreign contract projects and labor export, with the function of import larger than export.