An Empirical Analysis Of Fujian's Economic Growth Based On Supply-Side Angle

Economic growth can be used as an important indicator of a country or region to measure the static level of economic development.The rate of economic growth,not only can reflect the optimization level of economic production factors combination in the country or region,but also can reflect the dynamic change information of economic benefits and economic strength in the country or region.Since the reform and opening up,Fujian Province,depending on its unique geographical environment and natural resources,has created prosperous picture that shows the amount of economy is rapidly growing.For a long time,economic growth has always been a hot topic in the study of economics,as for the research method and research aspect,most of the related research choose econometric model,technology exogenous model and SDA structure decomposition model,and so forth,as a tool,and choose the industrial structure,the final demand,the influencing factors,and so forth,as a research aspect.In this paper,the input-output method is chosen as the research method,and the input-output supply model is constructed by using the cross-equilibrium relationship of the second and third quadrants in the input-output table.The paper analyzes the economic growth of Fujian respectively from the horizontal and the vertical direction so as to explore the economic growth situation of Fujian and thus providing appropriate policy recommendations.This paper studies the economic growth of Fujian from three levels.Firstly,according to the standard of "classification of national economic industry",the paper reclassifies the original input-output tables of Fujian Province in 1987 and 2012 and the original input-output tables of 6 provinces and 1 municipality directly under the Central Government in 2012 into 36-sector-input-output tables.And the paper build the price conversion index system at the basis of corresponding price index in the statistical yearbook,then compiles the 36-sector-input-output tables of Fujian Province at comparable prices in 1987 and 2012,as well as the 36-sector-input-output tables of six provinces and one municipality in East China in 2012 at basic prices.Secondly,the paper derives input-output supply promoting model by connecting the row model and column model of the direct distribution coefficient based on the intersectant equilibrium relation in the input-output table,and then carried out static and dynamic empirical analysis on economic growth state of Fujian,in which the research aspects include the promoting amount,promoting coefficient,and promoting dependence.The dynamic analysis involves the vertical comparison of Fujian Province at different points of time,and the static analysis involves the horizontal comparison of the six provinces and one municipality in East China at the same time.Finally,found out that the problems of economic growth in Fujian,and then put forward the corresponding policy recommendations.The empirical results show that the problems in the process of economic growth in Fujian Province are:the promoting effect of the final demand is in a state of imbalance,the promoting effect of the primary input exerting on the industrial structure is in a state of imbalance,the promoting intensity of technological progress exerting on the final demand expansion is weak and the level of economic development in Fujian is lower than other highly developed areas.To this end,the following recommendations are put forward:to exert the advantages of export trade in services,strengthen exchanges and cooperation with foreign economy,accelerate the development of the tertiary industry,actively promote the coordinative development of industry,improve the level of production technology,optimize the export structure of products and comprehensively promote the economic construction of Fujian by seize the opportunity economic construction.