The Effects Of Regional Industrial Structure Change On Economic Growth

The annual growth rate of China's economy is less than 8%since 2012,which shows that China's economic growth is in the steady stage of high speed growth.As the economy slows,the essential task of the new normal economy is the upgrade of economic structure and the transit of the economic motive force.How to promote the balanced development of three industries and achieve the organic unification of industrial structural rationalization and optimization is the most urgent thing at this stage.As the industrial structure is out of balance and the economy slows,more and more scholars pay attention to the effects of industrial structure on economic growth.However,current research about the effects of industrial structure on economic growth is mostly based on a whole country or one province instead of some districts.Because China covers a large territory,so there is a big difference in industrial structure adjustment paths and economic development for different regions.It means a lot to study the effects of industrial structure on economic growth.This paper selects five provinces randomly from the eastern area,middle area and western area respectively,and builds econometric model to compare the effects of industrial structure on economic growth between different areas.Furthermore,it makes use of robustness test to verify the conclusion.The results showed that the rationalization and optimization of industrial structure in eastern area is superior to the middle and western area.There is a steady relationship between the rationalization of industrial structure and economic growth,nevertheless,the relationship between the optimization of industrial structure and economic growth is uncertain.In the light of present situation,as for the eastern area,the rationalization of industrial structure has more effects than the optimization of industrial structure on the economic growth.Well,but in the middle area and western area,the total effect of the optimization of industrial structure on the economic growth is greater than the rationalization of industrial structure.