Research On The Impact Of Industrial Structure Upgrading On Economic Growth

Industrial structure upgrade and economic growth are a pair of inseparable concepts in the study of modern economics.A large number of scholars have shown that a country's economic development is usually accompanied by the upgrading and optimization of its industrial structure.On the one hand,the economic growth of a region will lead to the upgrading of its industrial structure.In the process of economic growth,the economic growth of a certain industry or the introduction of the government's industrial policy will attract labor flow to the industry and change the original industrial structure.On the other hand,the upgrading of industrial structure plays an important role in the country's economic growth.Based on the data of industrial structure upgrading and economic growth of 31 provinces from 1978 to 2016,this paper analyzes the impact of industrial structure upgrading on economic growth.The paper also empirically tests the impact of industrial structure upgrading on economic growth.In terms of the measurement of industrial structure upgrading,this paper USES the rationalization degree of industrial structure and the advanced degree of industrial structure to represent the upgrading of China's industrial structure,and uses the GDP growth rate to represent economic growth.In the construction of provincial panel data model,rationalization of industrial structure and advanced industrial structure are selected as explanatory variables respectively,and logarithmic growth rate of GDP is used as explanatory variables.In the construction of dynamic panel data model,it is proposed to introduce the first-order lag period of the explained variable as the explanatory variable on the basis of the panel data model.In the estimation method,it is proposed to select the generalized moment estimation(GMM)for parameter estimation.All the data were obtained from the statistical yearbook,China statistical yearbook and China economic net statistical database of all provinces(municipalities directly under the central government and autonomous regions).High-level industrial structure and industrial structure rationalization level have inhibition to the speed of economic growth,but in the long-term economic growth in China as you can see,our country's economy from 1978 to 2016,has been in the growth state,so you can think that although the industrial structure rationalization level has inhibitory effect to the economic growth rate,but for itself has a role in promoting economic growth.We can believe that the rationalization level of industrial structure plays a driving role in the long-term growth of economic growth.It not only ensures the quality of economic growth,but also adds long-term impetus to economic growth.Through provincial panel data regression results and dynamic panel data regression results,we can draw the conclusion that industrial structure upgrading has an impact on economic growth.Specifically,this paper USES advanced industrial structure and rationalization of industrial structure to measure the upgrading of industrial structure,and the empirical results show that the specific indicators of advanced industrial structure and rationalization of industrial structure have a significant impact on economic growth.The improvement of the advanced industrial structure has a decreasing effect on the economic growth rate,:indicating that the economic growth rate in China slows down with the improvement of the industrial structure level.It can be found that in the past 40 years of reform and opening up,China's industrial structure has been constantly improving,which has an inhibitory effect on economic growth.This shows that China's economy has been constantly transforming in the past 40 years of reform and opening up.This paper chooses rationalization deviation of industrial structure to describe the relationship between rationalization of industrial structure and economic growth,and finds that there is a negative relationship between rationalization deviation of industrial structure and economic growth rate.This shows that the higher the level of industrial structure rationalization,the faster the economic growth rate,the rationalization of industrial structure to promote economic growth.During the 40 years of China's reform and opening up,the deviation degree of the rationalization of industrial structure has been reduced,the level of the rationalization of China's industrial structure has been continuously improved,and its contribution to the national economic growth has been continuously improved.