The Research On The Interactive Development Of Marine Industry And Modern Service Industry In Shandong Province

With the rapid growth of marine economy in Shandong province, the marineindustry’s position has become increasingly prominent in the national economy, andbecome the province’s pillar industry, marine economy has turn out to be the growthpoint of economic development in Shandong province. However, the support of themarine industry is land ocean industry development, especially the service industry.When the marine industry develops to a certain stage, the ascension of the marineindustry added value and the market competitiveness rely more heavily on the supportof modern service industry, and the modern service industry is one of the mostpotential and dynamic part in service industry. Therefore, accelerating the interactiveresearch of the marine industry and modern service industry has a certain significantin Shandong province to guide the smooth development of the modern serviceindustry reasonably, and promote the development of the marine industry rapidly.The object of this paper is the marine industry and the modern service industryin Shandong province. Using methods of theoretical analysis and empirical research,this paper makes in-depth study on the interactive development between the marineindustry and the modern service industry in this region. Firstly, according to thedomestic and foreign research on the interaction development theories, this paperdiscusses the mechanism of interactive development between the marine industry andthe modern service industry. Secondly, this paper comprehensively analyses thedevelopment status of the marine industry and the modern service industry inShandong province through the output, scale, employment ability and investmentanalysis, and points out that the development of the two industries are interrelated.Thirdly, to investigate whether there has formed an interactive relationship between the marine industry and the modern service industry in Shandong province and if so,which stage it has been. On the basis of theoretical analysis and under selected timesseries during2002-2011, a dynamic econometric analysis is made on the marineindustry and the modern service industry under the methods of co-integration testcombined with Granger causality test and correction model analysis based on a linearregression model.The analysis shows that:(1) The development level has a highcorrelation between the marine industry and the modern service industry in Shandongprovince.(2) There is a long-term equilibrium relationship between the two industries.However, the interaction effect is not obvious in Shandong province. Finally, thispaper comes up with relevant policy suggestions on how to promote the interactivedevelopment between the marine industry and the modern service industry inShandong province.