Allocation Of Resourses,Adjustment Of Industrial Structure And Economic Growth

In the recent decades economic growth has been the most conspicuous issue of the economic investigations,hordes of scientists have been scrutinizing the relationship between the industrial structure and economic growth diversely.For the connotation of the theory behind the development of the third industry and genuine “labor shortage” as well as “employment difficulties” there has not been a reasonable explanation.This paper,based from the perspective of the mismatched resources will explore the relationship between the adjustment of industrial structure and economic growth,concerning the middle-income class transformation and our country's sustainable economic development as well as provide novel way of comprehending the challenge.This paper explains mismatch of the resources due to the external factors namely,policy system,market environment,factors such as informational asymmetry.The similar aspect has taken place in the allocation of resources under the ideal state of the nature,thus deviating from the pareto optimal state.Resources' mismatch and the relationship between the industrial structure performance and the department of element allocation distortion occurs,resulting in the industrial structure deviation from the regular range.Consequently,this is reflected in the relationship between the industrial structure and economic growth through the industrial structure's rationalization and high-grade influence degree to the level of economic growth;Among the internal mechanism,the intermediary effect of industrial structure adjustment plays a role and makes the resources' matching unsuitable which influences economic growth.Empirical aspect,this article points out and estimates provincial resources' mismatching degree,at the same time subdivides into industrial structure rationalization of industrial structure change and the fundamentals,by building a model,drawing resources' mismatch,the relevance of the adjustment of industrial structure and economic growth.Therefore,it is concluded that the provinces' high-level mismatch condition and rationalization of industry resources influences the economic growth.The results of the paper shows that the vast majority of China's severe mismatch phenomenon of resources hindered the rationalization of industrial structure and fundamentals of rationalization of industrial structure and is conducive to economic growth,however,high-level industrial structure also contributes to economic growth,thus resources' mismatching through the intermediary effect of industrial structure and economic growth has a negative correlation.So it is concluded that the following suggestion,should adjust the mismatch of the resources,promote the rationalization of industrial structure and reduce the mismatching of the third industry internal resources.Ultimately,with the aid of international experience,the promotion of high-level industrial structure is conducive to the economic growth.