Empirical Research On The Relationship Among China’s Consumption Structure, Industrial Structure And Economic Growth

Economic growth and economic structure has always been the hot spot of theeconomics research problems, scholars at home and abroad in recent years,respectively, carried out fruitful research from different angles.Supply and demandstructure is the main part of the economic structure, and industrial structure andconsumption structure is one of the important indicators to measure supply anddemand structure,Therefore, the study of the relationship among the consumptionstructure, industrial structure and economic growth is of great significance.Since thereform and opening up, China’s rapid economic growth, economic structure hasundergone major changes, but there are differences in regional growth and structure,three industries’ structure and residents’ consumption structure in different regionsare obviously different.The internal connection of the difference and the interactionmechanism has been always concerning by the academists.Therefore,It isnecessary to comprehensively study the relationship among Chineseresidents’consumption structure,industrial structure and economic growth.Bycomparatively analyzing the difference between different regions,We can reveal thereason for the difference and finally put forward targeted policy suggestions ondifferent regional economic development.the consumption structure,industrialstructure and economic growth of urban residents.First of all, from the nationalpoint, based on a VAR model, with the help of impulse response function andvariance decomposition and co integration test, the paper dynamicly analyzes theshort term and long term relationship Chinese among the urban residents’ consumption structure, industrial structure and economic growth.The results showthat the economic growth and consumption structure is the granger cause ofindustrial structure, and there is a co integration relationship between the three,namely, there is a equilibrium relationship between the three in the long-term. Theindustrial structure upgrade of urban residents in our country still has great space,but macro policy guidance is needed.Change in the consumption structure is animportant factor of economic growth fluctuation, but there exists problems in theupgrade of consumption structure, which has the need to adjust urgently.From different perspectives of the whole nation,province and distinct,this papermake a research on the relationship among the consumption structure,industrialstructure and economic growth of urban residents.First of all, from the nationalpoint, based on a VAR model, with the help of impulse response function andvariance decomposition and cointegration test, the paper dynamically analyzes theshort term and long term relationship Chinese among the urban residents’consumption structure, industrial structure and economic growth.The results showthat the economic growth and consumption structure is the granger cause ofindustrial structure, and there is a cointegration relationship between the three,namely, there is a equilibrium relationship between the three in the long-term. Theindustrial structure upgrade of urban residents in our country still has great space,but macro policy guidance is needed.Change in the consumption structure is animportant factor of economic growth fluctuation, but there exists problems in theupgrade of consumption structure, which has the need to adjust urgently.Secondly,from the provincial point,aiming at analyzing the spatial differences amongthe three.Using panel model,SUR estimation method and the bootstrap technology,Based on konya’s individual test, we can conclude that the relationship among thethree in different provinces has great difference.From the area point,the31provincesor cities of our country has been divided into there.Based on the LA-VAR model,The Emirmahmutoglu&Kose’s joint test tells us obvious differences exists among therelationship of the there in different regions.At last, this article analyzes the reasonsfor differences in details, then puts forward policy Suggestions in respect of theoverall economic development and regional economic development in our country.The full text is divided into five chapters:Chapter1, introduction. This part mainly includes the background andsignificance of selected topic, research literature review and research thought andframework of this article.Chapter2, the theories of consumption structure, industrial structure andeconomic growth. This chapter mainly introduces the related theories ofconsumption structure, industrial structure and economic growth, which is thecornerstone of this study.Chapter3, The empirical analysis of the relationship among the national urbanresidents’ consumption structure, industrial structure and economic growth.. Thischapter is based on vector autoregressive model (VAR), using the impulse responsefunction and variance decomposition and cointegration analysis, dynamicallyanalyzes the relationship among the whole nation’s urban residents’ consumptionstructure, industrial structure and economic growth.Chapter4, The comparative analysis of the relationship among the provincialtown residents’ consumption structure, industrial structure and economic growth.Through the granger causality test method based on bootstrap heterogeneous panelmodel, using individual test and joint test respectively,this chapter conduct grangercausality test on the urban residents’ consumption structure, industrial structure andeconomic growth of the nation’s31provinces and three regions. Then we analyzethe difference on the relationships of different provinces and regions in detail.In chapter5, conclusion and policy recommendations.It is a summary of fulltext, besides, based on the results of the paper’s research,we put forward the corresponding policy recommendations.