Empirical research on the relationship between the industrial structure and economic growth in Shaanxi province
Xue Shuang-xi
Abstract
Xue Shuang-xi
Abstract
The industrial structure is a national or regional economic development level's symbol,and the reasonable industrial structure is the key factor for economic growth.Through collecting the related sample data on the industrial structure and the economic growth in Shaanxi Province,and using cointegration analysis,the paper obtains that there are long-term balanced relations between industrial structure and the economic growth in Shaanxi Province and a specific relation between every industrial and the economic growth.Through Granger causality test,it finds out there is a causal relation between the industrial structure and the economic growth.Finally,by joint analysis,it proposes the suggestions which could optimize the industry structure and promote economic growth.
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The industrial structure is a national or regional economic development level's symbol,and the reasonable industrial structure is the key factor for economic growth.Through collecting the related sample data on the industrial structure and the economic growth in Shaanxi Province,and using cointegration analysis,the paper obtains that there are long-term balanced relations between industrial structure and the economic growth in Shaanxi Province and a specific relation between every industrial and the economic growth.Through Granger causality test,it finds out there is a causal relation between the industrial structure and the economic growth.Finally,by joint analysis,it proposes the suggestions which could optimize the industry structure and promote economic growth.
Key concepts: Cointegration, Granger causality, Sample (material), Economics, Causality (physics), Economic indicator, Economic geography, Economic system