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Study of China’s Service Trade and Economic Growth

Author: GuoQing
Tutor: HeQiZuo
School: Xiamen University
Course: Trade in Services
Keywords: Elements of supply Technological advances Economic growth
CLC: F124
Type: Master's thesis
Year: 2008
Downloads: 357
Quote: 1
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Abstract


Since the 1960s , a strong impetus for the world to speed up the adjustment of industrial structure and economic globalization, unprecedented development , global services sector entered a rapid development track , the power of the new round of global economic development . At the same time , the center of gravity of the countries to participate in international economic competition from trade in goods to gradually shift to the service trade . Especially 80 years later , the the emerging service trade departments began to lead the trend of the times , trade in services is increasingly becoming the engine of world economic development . However , theoretical research , trade in services is to promote economic growth so far there is no unified conclusion . In order to explore the increasingly important role of trade in economic development , the article will be the relationship between services trade and economic growth as an entry point for clues to the evolution of economic growth theory , traditional trade theory , trade expositions affect the determinants of economic growth based on analysis of the conclusions come to trade in services and role in the economic growth mainly through the supply of factors ( including physical capital and human capital ) and the impact of technological advances drive economic growth variable . This conclusion on the basis of the article is to analyze the trade in services of physical capital , human capital and technological progress , pointing out that trade in services or direct , or indirect, or externalities on the accumulation of physical capital , human capital accumulation and technological progress positive effect , to support the proposition that trade in services to promote economic growth . To pave the way to the theory , the article on China's service trade and economic growth of the relationship between the use of indicator analysis , cointegration test and Granger causality test a variety of empirical analysis , analysis of the results showed that : China's service trade has a positive effect on economic growth and The impact is more and more obvious , but this effect is still small . The inspection conclusion is confirmed by theoretical analysis , but does not produce obvious effects such as the theory of the . Through further investigation , the article considered to have this test result is mainly due to the low level of development of China 's economy as a whole , the services sector industrial base is weak and backward management system causes . Solve the existing problems in the development of these services trade , the article gives the coordinated development of the three industries , the gradual liberalization of the services market and strengthen the service industry and service trade legislation and regulatory countermeasures .

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CLC: > Economic > The world economic profiles,economic history,economic geography > China's economy > Economic construction and development
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