The Study Of Internet Information Industry Impacting On Economic Growth Of China

Informationization as the dominant economic development, promote industrialtransformation performed, to achieve leapfrog development of social productive forcesdramatically, is China’s12th Five Year Plan since the economic and social guidelines.Development of information industry rely heavily on information technology, informationindustry had already been listed as China’s strategic focus on the development of theemerging high-tech industries. Since the1980s, dependent on information technologyrevolution, just a few decades, go worldwide, China’s economic development and sociallife play a far-reaching impact.Firstly, through literature and related theory traces the information industry andeconomic growth in the history of contact, and then explained the concept to the industry,the information industry and its related economic characteristics were reviewed. Thenstarting from the national economy as a whole, focusing on analysis of the impact of theinformation industry to economic growth mechanism, which reveals the rapiddevelopment of information industry in a short time the cause, which in turn explains theimpact on economic growth pathways. Then the author and from the industry point ofview, indicating specificity of the information technology industry-namely, the directeconomic impact and the indirect effects on other industries. In the empirical research, oneusing a direct measure analysis and structural analysis methods measure calculated China’sInternet information industry to overall economic growth and the direct contribution oftraditional industries; Second, through quantitative analysis, through the establishment ofCobb-Douglas production function model, the information industry, informationelements abstracted investigated on overall economic growth and contribute to thedevelopment of the role of the three major industries.In this paper, these efforts have attempted to reveal the information industry, theInternet is not different from the traditional industries and emerging high-tech industriescharacterized the law of development, which depicts an enormous contribution to nationaleconomic growth and the role of pathways. Expect the wave of information technology inthe world today under the information on China’s Internet industry in the relationship between economic development within its capacity to provide some theoreticalcontributions and practical significance.