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The Empirical Study of Three Industry Structure and Economic Growth

Pan Mei

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Abstract

Followed by China's economic growth and industrial structure of empirical analysis,the paper indicates medium and long term economic growth in China is still industry share dominant position,the urbanization process will take some time.However,short-term economic growth in China has undergone a change in momentum.The secondary industry tertiary industry has surpassed economic growth of China as the first power.Granger causality test also showed that tertiary industry will gradually replace secondary industry become dominant force of economic growth.

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What this paper is about

Followed by China's economic growth and industrial structure of empirical analysis,the paper indicates medium and long term economic growth in China is still industry share dominant position,the urbanization process will take some time.However,short-term economic growth in China has undergone a change in momentum.The secondary industry tertiary industry has surpassed economic growth of China as the first power.Granger causality test also showed that tertiary industry will gradually replace secondary industry become dominant force of economic growth.

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Available abstract

Followed by China's economic growth and industrial structure of empirical analysis,the paper indicates medium and long term economic growth in China is still industry share dominant position,the urbanization process will take some time.However,short-term economic growth in China has undergone a change in momentum.The secondary industry tertiary industry has surpassed economic growth of China as the first power.Granger causality test also showed that tertiary industry will gradually replace secondary industry become dominant force of economic growth.

Key concepts: China, Urbanization, Granger causality, Economics, Secondary sector of the economy, Empirical research, Economic geography, Position (finance)

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