Research of Economic Growth Model of Shanghai World Expo Impact

Abstract

2010 World Expo in Shanghai is not only boost the economy but also driven around the city’s economic growth. So that the whole Yangtze River Delta economic zone than in the past has been significantly improved. Accelerate the World Expo Shanghai as the center of the Yangtze River Delta region’s infrastructure and industrial restructuring, improve the city’s overall quality, promote tourism, catering, communications, transportation and other industries developed rapidly, increasing the secondary industry and tertiary industry demand for employees, creating a large number of employment opportunities. This paper analyzes the model for the Shanghai World Expo to promote cultural exchange and stimulate economic growth and drive around the Shanghai Yangtze River Delta economic analysis and quantitative evaluation of the Shanghai World Expo impact. The results show that the Expo will be organized during the 2003-2009 average annual GDP growth of 1.91 pull Shanghai percent, two years after the Expo will boost average annual GDP growth of 1.35 percentage points from Shanghai. In addition Expo radiation effects will drive the Yangtze River Delta region’s rapid economic growth, driven in 2003-2009 the average annual value of the Yangtze River Delta region to increase the secondary industry 646.676 billion yuan, driving increased value of tertiary industry 274.577 billion yuan.