Analysis Of The "Structure Bonus" And Structure Optimization Of CEE Countries' Economy Growth

It is indisputable that industrial structure has an effect on the growth of economy,the economic transition countries,with incomplete market economy and system,need to adjust their industrial structure.Rational industrial structure can bring “structural bonus”,however,they should know what kind of structure is rational.So,it is important for these countries which have differences in the level of economy.In this paper,the “structural bonus” hypothesis was examined by shift-share method,within seven Central and Eastern European countries(CEE),over the period of2000-2016.The analysis of the impact of shift in both labor and capital inputs is to explore the relationship between economy growth and factors' allocative efficiency.Then using panel data model to research how the transition of industrial structure to impact economy growth.The two methods supplement each other.This paper have five parts.Introduction,this part includes the background and meaning of the paper's topic,the existing related research and methods.This part is essential introduction of the relationship between industrial structure and economy growth.The first chapter,introducing the facts of the economy growth and industrial structure of the seven countries to support the later analysis.The second chapter,this part is about examination of the “structural bonus ” hypothesis.The conventional shift-share analysis is used to measure the impact of shift in both labour and capital inputs.An in-depth research about the reason that why difference in the influence of different factors allocation on economic growth.The third chapter is to explore the relationship between the transition of industrial structure and economy growth,using two indexes--rationalize and high grade industrial structure.In the panel data model,choosing control variables to indicate the difference impact of the industrial structure among the seven countries.The fourth chapter,conclusion and enlightenment to our country.It is argued that labor input has weak structural bonus,but capital input is the opposite.And the data reveal no unequivocal tendency of labour and capital to move into high-productivity industries.Rationalize and high grade industrial structure have positive effect to economy growth,and the impact of high grade industrial structure is more obvious.