On Motivations for Industrial Structure Change:Empirical Study Based on Input-output Model
Author(s): YANG Zhi-feng, CHEN Shuang-hua, WANG Wei, School of International Economics and Trade, Shanghai Finance University, Institute of Finance and Economics, Shanghai University of Finance and Economics
Pages: 38-49+61
Year: 2014 Issue: 9
Journal: Journal of Finance and Economics
Keyword: industrial structure; motivation; input-output model;
Abstract: According to objective law of industrial structure change in the process of industrialization,this paper judges the period of optimization and upgrading of industrial structure at the stage of economic development in China from 1992 to 2010,analyzes the motivations for output growth in industrial sectors by constructing competitive input-output model and making structural decomposition of output growth in industrial sectors,and makes a comparison between different stages,thereby revealing the motivations for optimization and upgrading of industrial structure.At the same time,it makes a separate investigation of the emerging information industry.It also investigates the mutual effects among industries from multi-perspectives based on driving factors.It comes to the results as follows:firstly,the period from 2002 to 2007is the period of optimization and upgrading of industrial structure during the sample period from 1992 to 2010and its driving force comes from technological progress in heavy industry,especially in metallurgy and machinery industries;secondly,the driving forces of rapid output growth in information industry are export expansion and technological progress in information industry;thirdly,machinery industry has important effect on the majority of industries,which is bigger and bigger over time;consumption and investment growth in service industry have greater effects on consumption and investment growth in the majority of industries.Consequently,future policy of realizing optimization and upgrading of industrial structure should focus on advancing technological progress in heavy industry,especially in metallurgy and machinery industries,supporting machinery industry as the leading industry of optimization and upgrading of industrial structure,encouraging export and technological progress in information industry and promoting joint development of consumption and investment growth in service industry and the corresponding growth in other industries.
Pages: 38-49+61
Year: 2014 Issue: 9
Journal: Journal of Finance and Economics
Keyword: industrial structure; motivation; input-output model;
Abstract: According to objective law of industrial structure change in the process of industrialization,this paper judges the period of optimization and upgrading of industrial structure at the stage of economic development in China from 1992 to 2010,analyzes the motivations for output growth in industrial sectors by constructing competitive input-output model and making structural decomposition of output growth in industrial sectors,and makes a comparison between different stages,thereby revealing the motivations for optimization and upgrading of industrial structure.At the same time,it makes a separate investigation of the emerging information industry.It also investigates the mutual effects among industries from multi-perspectives based on driving factors.It comes to the results as follows:firstly,the period from 2002 to 2007is the period of optimization and upgrading of industrial structure during the sample period from 1992 to 2010and its driving force comes from technological progress in heavy industry,especially in metallurgy and machinery industries;secondly,the driving forces of rapid output growth in information industry are export expansion and technological progress in information industry;thirdly,machinery industry has important effect on the majority of industries,which is bigger and bigger over time;consumption and investment growth in service industry have greater effects on consumption and investment growth in the majority of industries.Consequently,future policy of realizing optimization and upgrading of industrial structure should focus on advancing technological progress in heavy industry,especially in metallurgy and machinery industries,supporting machinery industry as the leading industry of optimization and upgrading of industrial structure,encouraging export and technological progress in information industry and promoting joint development of consumption and investment growth in service industry and the corresponding growth in other industries.
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