Research on Relationship between Industrial Structure and Economic Growth: Evidence from Henan Province in China
Shu Hui Liu, Wu Wei Li
Abstract
Shu Hui Liu, Wu Wei Li
Abstract
Based on the statistical data during the period from 2000 to 2008 released by Henan Statistical Bureau in China, this paper applied the grey relational analysis to analyze the relationship between industrial structure including primary industry, secondary industry, tertiary industry and economic growth in Henan province in China. After detailed research, some results have been concluded for Henan province, the first of which is the relationship between industrial structure and economic growth during the period from 2000 to 2008 is very close, and the primary industry is the most important causation that brings about economic growth, the second of which is that tertiary industry played lager important significance than secondary industry during the economic growth in Henan province in China. Research results could provide valuable information for policy makers in government in their efforts to make appropriate economic polices.
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Based on the statistical data during the period from 2000 to 2008 released by Henan Statistical Bureau in China, this paper applied the grey relational analysis to analyze the relationship between industrial structure including primary industry, secondary industry, tertiary industry and economic growth in Henan province in China. After detailed research, some results have been concluded for Henan province, the first of which is the relationship between industrial structure and economic growth during the period from 2000 to 2008 is very close, and the primary industry is the most important causation that brings about economic growth, the second of which is that tertiary industry played lager important significance than secondary industry during the economic growth in Henan province in China. Research results could provide valuable information for policy makers in government in their efforts to make appropriate economic polices.
Key concepts: China, Primary sector of the economy, Government (linguistics), Secondary sector of the economy, Causation, Grey relational analysis, Statistical analysis, Business