Research On The Main Types Of Service In Guangxi And Their Contributions To Economic Growth

In this years,China's economy has changed from high-speed growth to middle-speed growth,and along with it has become an important driving force for economic growth.In the past 20 years,China's industrial structure has undergone major changes.The concrete manifestation is that the proportional relationship between the three major industries has improved significantly,and the industrial structure is evolving in a direction of rationalization and elevation.Guangxi is in an accelerating period of industrialization and urbanization.Perfection,especially in the overall increase in the proportion of the service industry,the internal structure continues to optimize.However,judging from the current situation,the driving forces of economic growth in Guangxi rely mainly on the secondary industry,especially the traditional manufacturing industry within the secondary industry.The investment-driven development model is still serious,and the development of the service industry in Guangxi,especially the modern service industry,has lagged behind.National.Based on the above background,the paper analyzes the relationship between the service industry and economic growth in Guangxi,and discusses the mechanisms and countermeasures for optimizing the agglomeration and allocation of resources in the service industry and cultivating the endogenous driving force for regional economic growth.This paper builds a quantitative analysis model.At first,we studied the correlation between the factor intensity of Guangxi's service industry and economic growth,and the direct correlation between various industries in Guangxi.The empirical results show that most of the variables and y,that is,the correlation with Guangxi's GDP are greater than 0.8.In other words,the economic changes in most industries have a great impact on the added value of GDP in Guangxi,so it can be demonstrated from a qualitative and quantitative perspective that the service industry has a significant impact on economic growth.Secondly,in this paper,using the principal component analysis method,we first use the service industry-related indicators as the x-variables and the economic development level-related indicators as the y-variables to explore the main components affecting Guangxi's economic development.The conclusions are:The industry factors affecting Guangxi's economic development can be divided into three components.The first principal component extracts the principal components of the variables and finds that the interpretation of the entire data set is 0.87,and the degree of analysis is high.It can be seen here that the first principal component(PCI)is highly correlated with most of the variables of the service industry,that is,it is a dimension that can be used for general evaluation and covers most of the industry variables in the service industry.Thirdly,this paper establishes a multiple linear regression model of Guangxi's GDP and service industries.The importance of each service industry to economic development is measured by the weight of the contribution of the GDP of each service industry to economic development.The results of the model show that the industries in which the development of a single industry contributes to the economic development of Guangxi include x3(accommodation and catering industry),x9(water conservancy,environment and public facilities management),5 and x1O(residential service,repair and other service industries),x5(finance),x1(wholesale and retail),x9(water conservancy,environment and public facilities management),x13(culture,sports and entertainment)and other industries.The industries in which the development of a single industry has a negative impact on the economic development of Guangxi include industries such as x11(education)and x8(science research and technology services).Finally,the paper proposes suggestions for promoting the development of the service industry in Guangxi based on the empirical results.1.Expand the scale of various industries in the service industry in Guangxi.2.Develop labor-intensive service industries to ease employment pressure during the economic transition.3.The development of a modern service industry to form the endogenous driving force for economic growth.These include supporting emerging service industries,knowledge-based and technology-intensive productive service industries,and nurturing new economic growth points.4.Promote the external open strategy of the service industry.Through the above-mentioned policies and suggestions,the Guangxi service industry will play the most solid role in its overall economic development.