An Empirical Study of the Relationship between Transportation and Economic Growth in Xinjiang Province

Abstract

Along with the development of socialist market economy and the improvement of transportation facilities, the driving effect of transportation industry on economic growth tends to be more significant. The transportation industry is the lifeline of national economic growth and the backbone of material activities and community communication, signalizing the development of national economy. Highly- developed transportation industry has important strategic meanings for a country’s economic prosperity, cultural development, strong defense, and people’s well-off life. Based on the grey system theory and econometrics, this paper analyzes the contributing effect of the transportation industry on Xinjiang’s regional economic growth, and studies the relationship between indexes of Xinjiang’s transportation industry and economic growth, supplying references for researching Xinjiang’s regional economic development.