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CHINA'S ECONOMIC GROWTH AND STRUCTURAL FACTORS

Hongyu Wang

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Abstract

This paper systematically discussed the association of economic growth with a variety of structures.Based on Cobb-Douglas production model the provincial data of 2006 and 2009 in China,this paper revealed the relationship between economic growth and structural factors.Empirical results showed the industry structure,the GDP structure and the income structure were the main structural factors in the economic system.To promote the structure reform,consumption and the third industry investment would accelerate China's economic growth.

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What this paper is about

This paper systematically discussed the association of economic growth with a variety of structures.Based on Cobb-Douglas production model the provincial data of 2006 and 2009 in China,this paper revealed the relationship between economic growth and structural factors.Empirical results showed the industry structure,the GDP structure and the income structure were the main structural factors in the economic system.To promote the structure reform,consumption and the third industry investment would accelerate China's economic growth.

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Available abstract

This paper systematically discussed the association of economic growth with a variety of structures.Based on Cobb-Douglas production model the provincial data of 2006 and 2009 in China,this paper revealed the relationship between economic growth and structural factors.Empirical results showed the industry structure,the GDP structure and the income structure were the main structural factors in the economic system.To promote the structure reform,consumption and the third industry investment would accelerate China's economic growth.

Key concepts: China, Economics, Consumption (sociology), Investment (military), Economic reform, Production (economics), Variety (cybernetics), Economic geography

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