The Empirical Analysis on the Influential Factors of Urbanization in Hubei Province Based on the Panel Data

We used 12 indicators of 11 important cities from 6 years to set up panel-data model. By using Eviews, we firstly conducted Unit root test and selected variables according to stationarity. Secondly, to identify co-integration relationship we carried out co-integration test. Thirdly, 2 variables - number of units employed in the end of the year and Social security employment expenses are selected by doing Hausman test and F test. Finally we applied the fixed coefficient model to study influential factors of urbanization in Hubei province empirically. We have got the conclusions: In the urbanization level to number of units employed in the end of the year model, the employment situations in highly urbanized areas are more sensitive. In the urbanization level to Social security employment expenses model, the effect of Social security employment expenses on the urbanization mainly depends on the level of urbanization.