Structural Change and Growth Effect of Input Structure in the Process of Industrialization——Empirical Research Based on Major Economics Nations
Ji Ming
Abstract
Ji Ming
Abstract
Based on two-sector non-balanced economic growth model,the paper analyzes the input structural change and growth effect of 1952-2009 in Chinese and 1988-2006 in other ten major economic nations.The result makes clear that capital and labor has transferred to secondary industry in industrialization and transferred to tertiary industry in post-industrialization.The input structural change has strong growth effect in industrialization which leads to high economics growth rate in Chinese,and has weak growth effect on major economic nations which result in structural change traps in post-industrialization.
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Based on two-sector non-balanced economic growth model,the paper analyzes the input structural change and growth effect of 1952-2009 in Chinese and 1988-2006 in other ten major economic nations.The result makes clear that capital and labor has transferred to secondary industry in industrialization and transferred to tertiary industry in post-industrialization.The input structural change has strong growth effect in industrialization which leads to high economics growth rate in Chinese,and has weak growth effect on major economic nations which result in structural change traps in post-industrialization.
Key concepts: Industrialisation, Economics, Structural change, Secondary sector of the economy, Technological change, Capital (architecture), Human capital, Economic system