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
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