Transformation Of Industrial Structure And Economic Growth

The relationship between structural change and economic growth has always been the focus of economy,and there are a lot of research results about it.While little attention is paid on the internal structure of the industrial changes and its role in economic growth.However,it is undeniable that the industrial economy is an important support for China's economy,industrial health and healthy development is essential to Chinese economy.Transformation of industrial structure is the key point of structural change,it is necessary to interpret the relationship between industrial transformation and economic growth.Transformation of industrial structure,especially in the industrial process of industrial structure changes,along with the spontaneous production factors from the low efficiency of the industrial sector to high efficiency sector,high efficiency sector increased economic growth.At the same time,the government,through the guidance of industrial policy,forced the reduction of inefficient departments to promote economic growth.This is also the analysis of the transformation of industrial structure of the economic growth of the two ways: efficiency to enhance the path;efficiency to supplement the path.Due to the different levels of economic development,the economies of different economies in which the different stages of its industrial restructuring on the impact of economic growth is different.On this basis,this paper discusses the impact of transformation of industrial structure on economic growth and the impact of industrial transformation on economic growth at different economic levels,and further studies the transformation of the six industrial sectors within the industry The impact of economic growth on the differences,with a view to providing practical significance of the policy recommendations.The research of this paper is divided into two levels: the measurement of transformation of industrial structure and the empirical test of transformation of industrial structure and economic growth.As to the measure of transformation of industrial structure,two methods of transformation of industrial structure measurement are designed: the traditional absolute quantity algorithm and the innovative similar inverse algorithm,and measure the transformation of industrial structure level in three different time intervals respectively.Based on the data of 35 industrial subdividings in 29 provinces and municipalities in China from 1990 to 2014,the characteristics of China's transformation of industrial structure are measured and analyzed.Most industrial provinces in China depend on the transformation of resource industry,high-tech industry The contribution of the department shows the provincial characteristics of the "poor" area of the "poor" region,and the contribution rate of the transformation of industrial structure in the energy industry is generally low and presents the characteristics of low stability contribution.At the level of empirical test,this paper examines the relationship between transformation of industrial structure and economic growth through the choice of fixed effect model and stochastic effect model in 25 years of panel data of 29 provinces and cities in China.The study shows that industrial transformation has a positive impact on economic growth,and the industrial restructuring of the in transformation of industrial structure dustrial sector has a different impact on economic growth: the transformation of consumer goods industry to promote economic growth;technology-intensive economic growth has a long-term mechanism,high level of economic development Of the transformation of industrial structure of the region on the impact of economic growth is weaker than the economically underdeveloped areas of industrial restructuring on the impact of economic growth.In conclusion,this paper proposes the following policy implications for transformation of industrial structure to promote economic growth.Maintain the transformation of technology-intensive industrial sectors,seek technology and experience,and lead the flow of resources to highly efficient technology-intensive industrial sectors to promote economic growth.Underdeveloped districts need to upgrade and develop technology,transformate to high-tech industry sector,and improve the ability to absorb and apply technology to achieve more efficient economic growth.The new energy industry is not formed,and the traditional energy production technology is constant,exploring the transformation of the energy industry sector is very necessary and meaningful.