The Influence Of Market Opening On Growth In Services

With the rapid development of economic globalization,major changes have taken place in the global industrial structure.The service industry has gradually become the dominant force in the overall economic at an unprecedented speed and has become an important force for the development of the world economy.Under the economic atmosphere,the service industry has become a new breakthrough for China's economic development.With regard to the increasingly close economic relations among various countries,Market openness in the service sector in China has been highly valued by the government.Research and service market opening has become an important issue.Research service market openness becomes an important subject.This article is based on this background to study the impact of the service market openness in our country on the service industry,in order to find the basis of reality.This paper reviews the measurement methods of market openness,then reviewing the related literature on service growth,and finally elaborates the theoretical and empirical research on the impact of market openness on service growth.The internal mechanism of service market openness to the growth of service industry is analyzed and studied.The conclusion is drawn that the economic effects of the service market openness to the growth of the service industry include technology spillover effects,economies of scale and resource reconfiguration.Finally,according to the panel data of listed companies from 2003 to 2015,this paper adds human capital and R&D to the model based on the new economic growth theory and literature analysis.At the same time,In order to empirically study the service market openness on the service industry growth,some factors that can affect the development of service industries are explicitly expressed in the model.The results of the study show that the model is robust,because the service market openness has been significantly positive to the growth of service enterprises.In addition,in order to further study the impact of the service market openness on the growth of the service industry,the service industry is divided into the producer service industry and the consumer service industry,and the dynamic GMM estimation is performed on the classified data.The results show that market openness has always played a significant positive role in corporate growth,either the producer service industry or the consumer service industry.Finally,the robustness test further proves the robustness of the model.In summary,the service market openness has a positive effect on the growth of the service industry.