Research On The Unbalance Of Economic Development Of The United States

As a view of global, the United States became the first one that stepped into theera of service economy in the1950s, service industry has become the main drivingforce of economic development in the United States. Services in high speeddevelopment, however, at the same time, manufacturing as the national economyfoundation has not been the same rapid development as services. The United Stateshas been started the downward trend in manufacturing since the1980s. Serviceindustry and manufacturing development had turning imbalance, The internalimbalance of service industry development caused by excessive financialdevelopment.In order to facilitate analysis, this article will virtual economy narrowlyunderstood as the financial sector. In the perspective of service industry andcombining the relevant content of the service economy, from two aspects ofinter-industry and intra-industry, namely the internal development of service industryand manufacturing development and services for the analysis of the unbalance ofeconomic development of the United States. According to the relevant data analysis,with whether interactive integration services and industry promote each other,whether the virtual and real economy coordinated development to demonstrate theunbalance of economic development of the United States. In this paper, according tothe literature review, theoretical basis, imbalance in the imbalance between industries,intra-industry and enlightenment thought divided into five chapters: first chapter, onthe relationship between the service economy, service industry and manufacturingindustry at home and abroad, this paper summarizes the research about thedevelopment of the service industry internal; The second chapter, the service economy,the definition and measure of a country’s economic imbalances, and related theoreticalbasis for the interpretation, the correct understanding the relationship between serviceindustry and service economy, put forward the standard of judgment imbalance andlaid a theoretical foundation; The third chapter, the imbalance of American serviceand manufacturing industry development has carried on the empirical study, throughstatistical analysis of data and the integrated use of cointegration test, VAR, ECM andimpulse response function method to come to the conclusion: the United States the development of service industry and manufacturing appears imbalance developmentand away from each other, interact with the imbalance phenomenon of insufficient;The fourth chapter in the service sector in the United States the development of theinternal imbalances were analyzed. Through data service industry internal structureand the performance of virtual economy from real economy development wereanalyzed, and come to the conclusion that service industry internal imbalances. Thefifth chapter, it gives the general revelation of America’s economic developmentimbalance and the enlightenment to China, to the world economy and China’seconomic health of sustainable development has a positive significance.The innovation of this paper has four aspects: first, in the perspective ofservices combined with service economy analysis the unbalance of the economy;Second, from two angles of inter-industry and intra-industry analysis the unbalanceof economic development of the United States; Third, this paper puts forward theservice industry and manufacturing development long-term equilibrium butshort-term imbalances; Fourth, put forward to rational treatment service industrydevelopment point of view.