Structural dividends and economic growth in China

Wang Zhenhua (), Sun Xuetao () and Zhang Guangsheng ()
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Wang Zhenhua: College of Economics and Management, Shenyang Agricultural University, Shenyang 110866, China
Sun Xuetao: College of Economics and Management, Shenyang Agricultural University, Shenyang 110866, China
Zhang Guangsheng: College of Business, Liaoning University, Shenyang 110136, China

Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, 2018, vol. 36, issue 1, 355-372

Abstract: This study aims at analyzing the impact of industrial structure upgrading on the economic growth of China. Based on panel data of 283 cities of China from 2001 to 2014, this paper uses the spatial panel SARAR to analyze the influence of industrial structure upgrading on the economic growth of China’s prefecture-level cities. The results show that China’s urban economic growth has significant spatial correlation: industrial structure upgrading is the prime reason for the economic growth and the differences in the urban economy in China, and the impact of structural dividend on economic growth is positive. However, with the further upgrading of the industrial structure, the structural dividend will become negative, i.e. there is a significant inverted “U” relationship between the industrial structure and economic growth. The study provides new empirical evidence for the new classical economic growth theory and a new research experience for a follow-up study.

Keywords: industrial structure upgrading; structural dividends; SARAR model; China (search for similar items in EconPapers)
JEL-codes: C25 O11 O13 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:rfe:zbefri:v:36:y:2018:i:1:p:355-372

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