Transaction Efficiency,Marketization and Circulation Industry Growth

Transaction efficiency,marketization and circulation industry are three concepts that have close connection.Using the panel data between 1997 and 2009 and analysis in different periods and different areas,this paper finds a positive impact of the relationship between the evaluation of transaction efficiency,the level of marketization and circulation industry growth. The difference of transaction efficiency and marketization level in different areas has different impacts on the circulation industry growth in different areas. The level of transaction efficiency and marketization is higher,then the effect on circulation industry growth is bigger. So it is very important to increase the level of transaction efficiency and marketization to develop circulation industry.