An Empirical Analysis of Relationship between Industrial Structure and Economic Growth:Take Dazhou City as an example
Zibiao Cheng
Abstract
Zibiao Cheng
Abstract
The relationship between industrial structure and economic growth in Dazhou city is empirically analyzed through the VAR model on the basis of GDP from 1993 to 2009 and the data of three output values,the co-integration test of JJ,granger causality test and impulse response function and the economical achievements from three changes of industrial structures is empirically proved through variance decomposition.According to the empirical results and economic development features in Dazhou,the countermeasures are put forward: optimization of first industry,vigorous development of secondary and tertiary industries and coordinated development between them because of their pro-cyclical functions.
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The relationship between industrial structure and economic growth in Dazhou city is empirically analyzed through the VAR model on the basis of GDP from 1993 to 2009 and the data of three output values,the co-integration test of JJ,granger causality test and impulse response function and the economical achievements from three changes of industrial structures is empirically proved through variance decomposition.According to the empirical results and economic development features in Dazhou,the countermeasures are put forward: optimization of first industry,vigorous development of secondary and tertiary industries and coordinated development between them because of their pro-cyclical functions.
Key concepts: Variance decomposition of forecast errors, Granger causality, Vector autoregression, Impulse response, Econometrics, Economics, Empirical research, Secondary sector of the economy