DocumentCode :
575754
Title :
The empirical analysis on Chinese service sector´s innovative development and economic growth
Author :
Cheng, Congjun
Author_Institution :
Hebei Univ., Baoding, China
Volume :
2
fYear :
2012
fDate :
20-21 Oct. 2012
Firstpage :
414
Lastpage :
417
Abstract :
China has made a great progress in service industry since 1978, and it not only has become one important factor that determines the national comprehensive competitiveness, but also become one of the important signs that determine national economic modernization level. According to the statistics (1978-2010) of China´s Gross Domestic Product and the Added Value of the Tertiary Industry, the paper applies significance test, stability test, unit root test, co-integration test, Error correction model, Granger causality test on the relationship between economic growth and China´s service sector. We get the following conclusions: a) The influence between added value of China´s service industries and GDP growth is significant, and there exists long-term equilibrium relationship between them; b) It has the causality between the development of China´s service industries and economic growth.
Keywords :
competitive intelligence; economic indicators; error correction; industrial economics; innovation management; service industries; statistical analysis; Chinese gross domestic product; Chinese service industries; Chinese service sector economic growth; Chinese service sector innovative development; GDP growth; Granger causality test; co-integration test; empirical analysis; error correction model; national comprehensive competitiveness; national economic modernization level; significance test; stability test; statistics; tertiary industry added value; unit root test; Economic indicators; Industries; Size measurement; Granger causality test; co-integration test; economic growth; service industry; significance test;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Information Management, Innovation Management and Industrial Engineering (ICIII), 2012 International Conference on
Conference_Location :
Sanya
Print_ISBN :
978-1-4673-1932-4
Type :
conf
DOI :
10.1109/ICIII.2012.6339866
Filename :
6339866
Link To Document :
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