Cross-country Comparative Research on the Impact of Service Industry on Manufacturing Efficiency - Based on Digital Background

Guangmin Hua (), Chunhong Zhu () and Jianbo Bao ()
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Guangmin Hua: Tiangong University, School of Economics and Management
Chunhong Zhu: Tiangong University, School of Economics and Management
Jianbo Bao: Tiangong University, School of Economics and Management

A chapter in Proceedings of the 9th International Conference on Financial Innovation and Economic Development (ICFIED 2024), 2024, pp 688-699 from Springer

Abstract: Abstract With the acceleration of digital industrialization and industrial digitization, new technologies is driving the transformation of service industry models, which improves the efficiency of service efficiency and ultimately improves the efficiency of other industries especially manufacturing industry. It is conducive to create a modernized industrial chain. This paper first measures service input rate. Then, with the Non-Competitive I-O, this paper decomposes service efficiency into domestic value-added efficiency and import efficiency. Based on the domestic value-added efficiency of service industry, this paper analyzes the impact of service industry on manufacturing efficiency in China, UK, Germany and Mexico. The result shows that most of the domestic value-added of low-end services in China and Mexico has a positive effect on the efficiency of other industries, while most of the domestic value-added of high-end services does not have the same impact. However, in the developed countries such as the UK and Germany, both low-end and high-end contribute significantly to the efficiency of other industries. On this basis, this paper makes a dynamic expansion analysis. Finally, this paper puts forward the relevant countermeasures and suggestions.

Keywords: Domestic Value-added; Manufacturing Efficiency; Industrial Correlation; Digital Economy (search for similar items in EconPapers)
Date: 2024
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DOI: 10.2991/978-94-6463-408-2_75

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