The Empirical Study on Producer Service Industry and Economic Growth in China: Implication on Economic Integration

Yinghe Chen ()
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Yinghe Chen: Kangwon National University, Chuncheon, Republic of Korea

Journal of Economic Integration, 2024, vol. 39, issue 4, 921-939

Abstract: This empirical study investigates the impact of China's producer services on economic growth from 1995 to 2021, using ridge regression analysis. The results demonstrate that China's producer service industry has a positive influence on economic growth. The ridge regression shows wholesale and retail trade have the most significant positive impact, followed by transportation/storage services. Overall, the study provides valuable insights into the importance of producer services for China's economic integration and growth.

Keywords: Producer Service Industry; Economic Growth; Economic Integration; Empirical Analysis; Limitations; China (search for similar items in EconPapers)
JEL-codes: F15 L80 O14 O53 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ris:integr:0928

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