2002•Journal of Zhejiang University(Humanities and Social Sciences)Requires access
The Empirical Analysis of the Relationship between the Adjustment of Industry Structure and the Real Economic Growth in China
Jiang Zhen-sheng
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Abstract
Based on the normal theory of economic growth, this paper analyzed the relationship between the adjustment of industry structure and the real economic growth by time series technology. The Granger causality test shows that the adjustment of industry structure is the important reason of real economic growth, but the economic growth has no obvious effect on the adjustment of industry structure. The co-integration test shows that there is stable equilibrium relationship between them. The profound policy implication of the result is that China should change the traditional pattern of economic growth thoroughly.