The Research About Producer Services Influence On Manufacture Industry In Hunan Province

Producer services as intermediate inputs in manufacture has a strong association with manufacture industry, and its development can promote manufacture efficient. The congregation of service industry in region can be explained by the new economic geography theory. The increase of producer services ratio in the domestic economy is the result of industrial structure evolution. In the new normal, Chinese economy has entered into the period of “three situation overlapping”, that are growth phase shifting, economic development transition, and four trillion investment digestion. To develop producer service will help to promote the manufacture industry efficiency and to accelerate the pace of economic restructuring. In “Thirteen Five” plan period, Hunan Province is facing how to achieve GDP rise, improve economic development quality, increase income per capita, as well as to realize industrialization, informationization, urbanization, and agricultural modernization goals. To accelerate the development of producer services can promote manufacture development and achieve the above strategic objective for Hunan Province in “Thirteen Five” plan period.Based on the study of a large number of domestic research papers, as well as the new trend of domestic producer services, this paper categorizes the new features of producer services, and discusses the producer services on accumulation and dispersion, network dependent relation, integration and embedding, closed and open. On this basis, it analyzes the development of producer services and manufacture situation in Hunan Province. Firstly, sort out the development course of producer services and the manufacture industry in Hunan Province; secondly, compare the development trend of production service in Hunan Province and other provinces, especially compare Hunan and other central provinces; and finally analyzes producer services and manufacture industry development trends of four regional blocks in Hunan Province.In the empirical research, this paper uses panel data 2005-2013 in Hunan municipal cities and uses eviews software to do panel data regression analysis, and analyzes the influence of Hunan’s producer services to manufacture industry. According to the data availability, in this paper, manufacture gross output is selected as the dependent variable, and post and telecommunications revenue, total retail trade sales of wholesale goods, the balance of loans from financial institutions at the end of year, total freight are selected as explanatory variables. Regression analysis showed that there is a correlation between producer services and manufacture industry in Hunan Province, as post and telecommunications, wholesale and retail, financial services and freight have a positive impact on the manufacture industry. Other findings of this paper including:(1) From the development trend in recent years can be seen that Hunan’s producer services proportion in national wide is showing a downward trend; from the trend four regions in Hunan Province, Changsha-Zhuzhou-Xiangtan area is concentrating in the service industries, while growth in the other three regions were somehow slower or somehow fluctuating, which indicates the development of producer service industry in Hunan is imbalance;(2) manufacture in Hunan is dominated by heavy industry structure, will become one of the bottlenecks to achieve industrial transformation and upgrading in the new normal economy.This paper put forward policy recommendations about developing producer services to promote the development of manufacture industry in Hunan Province, including:(1) legislate preferential policies to attract producer service resources transferring to Hunan, especially the resources from the eastern provinces;(2) coordination the producer services resources between regions to make the distribution of it more reasonable;(3) to develop high value-added, high-tech modern producer services;(4) based on the advantages of modern transportation network, construct high-speed rail expressway economic belt, to promote the manufacture industry and producer service industry development;(5) reduce services industry market threshold, change the monopolies situation in some producer services industry, to be more transparent;(6) to train more personnel in producer services.