An Empirical Analysis On The Technology Selection And Economy Growth

Since Reform and opening-up, Guangdong has made remarkable economical achievements. With the fast economic take-off, Guangdong is also facing increasing difficulties of development, especially in the context of economy globalization and regional economy integration. If these problems and difficulties don't get proper treatment and solution, it will affect the achievements since reform and opening-up, the current advantages in danger of disappearance and the modernization process of our country. Therefore, it is necessary and important to find out how to solve the problems faced by Guangdong.Based on the empirical analysis of the relationship between the technology selection of Guangdong's industries and economic growth, this paper shows that there exists negative relationship between the technology selection of Guangdong's entire economy and economic growth. But the technology selection of three industries and economic growth takes on different relationships. Technology selection of the tertiary industry has the most obvious effects on economic growth, sequentially followed by the secondary industry and the primary industry. On the terms of the inner respective sections of these three industries, this paper proves finance section in the tertiary industry has the greatest effects on the economic growth, and in the secondary industry, technology selection of the capital and technology intensive sections better facilitate economic growth than labor intensive section. Though the relationships between technology selection and economic growth from different angles are different, the national per capita outputs of three industries have spillover effects on Guangdong's industries.With the combination of theory and practice, normative analysis and empirical analysis, this paper chooses technology selection as the breakthrough points and analyzes the economy growth issues from the deeper aspects of inter-industry and the inner detailed structures of industry. Form the angles of both macro-level of the entire economy and medium-level of the concrete economy structures, this paper tries to describe the current situation of Guangdong's economy and industry structures and explores the relationship between the relative industries and economic growth.