The Research For China's Potential Growth Rate Under The Network Economic Perspective

After 20 years of reform and opening up,China's economic growth achieved 9.92%average annual growth miracle,but since 2010,China's economic growth continues to decline,led scholars under the "new normal" China's economic growth rate range of discussion.Under this background,the estimate potential economic growth rate in our country,explore the long-term potential power for economic growth in the economic growth pattern adjustment,stability,economic development has the vital significance.In recent years,the network economy has developed rapidly in our country,the government have issued to relevant policies to promote the development of network economy,network economy to rise to the national strategic level,network economy has become our country promote economic growth potential,improve the quality of economic development,social comprehensive,coordinated and sustainable development the important means.Therefore,this article in the perspective of network economy,tries to analyze the network economy's influence to our country current economic potential growth rate,promote the development of network economy,improve the economic growth potential of countermeasures and Suggestions.In this paper,combining theory with practice,in the network economy and the relationship between economic growth,on the basis of literature review,puts forward the network economic impact on the economic growth of the two paths:on the one hand,the Internet economy through capital investment promoting consumption,increase investment directly promoting effect on potential output;The permeability of network economy,on the other hand,through the Internet technology has affected the traditional economic operation mechanism,through the optimization of technological innovation efficiency of the economy,improve the total factor productivity and impact on potential output and potential growth.Further,in 2004-2014 panel data regression,by summing all 19 industry TFP growth rate estimates the TFP growth rate of this period,at the same time will capital factors in the information technology industry and the information technology industry in decomposition and built a contains capital factors in the production function model of the structure and use of provincial panel data fixed effects model to estimate the output elasticity of the period,on the basis of the calculates the potential growth in China and decomposition.Finally,to measure the degree of contribution to our country economy's potential growth rate of network economy.The study found that the network economy as a new economic growth point to explain China's economic growth,the network economy,the contribution rate of total factor productivity of potential growth for average 3.23%,annual capital investment in the network economy contribution rate is 15.9%,the network economy to potential total contribution rate of 19.11%,network economy has already become the future of our country economic growth potential is the main path of ascension.