Industrial structure to economic growth influence

The total economic growth, economic level´s enhancement is always accompanied by the evolution of industrial structure. This article carries on the filter with the HP method to 1978-2007 year Hebei Province GDP, based on which unit root test is conducted on filtered data, and establishes the unconstrained VAR model. Applying Granger causality check, Impulse response function and Variance decomposition, we analyses the Hebei Province industrial structure change and the financial development mutual influence and the causal relation. Came to the conclusion that adjustment of industrial structure has counterproductive to economic development, and Hebei remains to optimize the industrial structure.