IDEAS home Printed from https://ideas.repec.org/a/rfe/zbefri/v36y2018i1p355-372.html
   My bibliography  Save this article

Structural dividends and economic growth in China

Author

Listed:
  • 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)

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.

Suggested Citation

  • Wang Zhenhua & Sun Xuetao & Zhang Guangsheng, 2018. "Structural dividends and economic growth in China," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 36(1), pages 355-372.
    • Handle: RePEc:rfe:zbefri:v:36:y:2018:i:1:p:355-372
    as

    Download full text from publisher

    File URL: https://www.efri.uniri.hr/upload/Zbornik_1_2018_2verzija/15-Zhenhua-Xuetao-Guangsheng-2018-1.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Meng, Qingxuan & Li, Mingzhi, 2002. "New Economy and ICT development in China," Information Economics and Policy, Elsevier, vol. 14(2), pages 275-295, June.
    2. Peneder, Michael, 2003. "Industrial structure and aggregate growth," Structural Change and Economic Dynamics, Elsevier, vol. 14(4), pages 427-448, December.
    3. Given, Jock, 2010. "Take your partners: Public private interplay in Australian and New Zealand plans for next generation broadband," Telecommunications Policy, Elsevier, vol. 34(9), pages 540-549, October.
    4. Choi, Changkyu & Hoon Yi, Myung, 2009. "The effect of the Internet on economic growth: Evidence from cross-country panel data," Economics Letters, Elsevier, vol. 105(1), pages 39-41, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Daniel Ştefan Armeanu & Georgeta Vintilă & Ştefan Cristian Gherghina, 2017. "Empirical Study towards the Drivers of Sustainable Economic Growth in EU-28 Countries," Sustainability, MDPI, vol. 10(1), pages 1-22, December.
    2. Michael Peneder, 2003. "Industry Classifications: Aim, Scope and Techniques," Journal of Industry, Competition and Trade, Springer, vol. 3(1), pages 109-129, March.
    3. Pitorac Ruxandra Ioana & Cismaº Laura Mariana, 2012. "Innovation– An Influence Factor Of Cyclical Fluctuations. Study Case For Romania, Between 1995 And 2009," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 365-370, July.
    4. Pietro Moncada-Paternò-Castello, 2022. "Top R&D investors, structural change and the R&D growth performance of young and old firms," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 12(1), pages 1-33, March.
    5. Bartholomae, Florian W., 2017. "Economic effects of recent social and technological developments," Working Papers in Economics 2017,4, Bundeswehr University Munich, Economic Research Group.
    6. Najarzadeh, Reza & Rahimzadeh, Farzad & Reed, Michael, 2014. "Does the Internet increase labor productivity? Evidence from a cross-country dynamic panel," Journal of Policy Modeling, Elsevier, vol. 36(6), pages 986-993.
    7. Gómez-Torres, Lina-María & Beltrán, Fernando, 2011. "Analysis of an integrated plan for expanding broadband access in Colombia," Telecommunications Policy, Elsevier, vol. 35(9), pages 871-882.
    8. Castellacci, Fulvio, 2008. "Technology clubs, technology gaps and growth trajectories," Structural Change and Economic Dynamics, Elsevier, vol. 19(4), pages 301-314, December.
    9. Lin, Boqiang & Zhou, Yicheng, 2021. "How does vertical fiscal imbalance affect the upgrading of industrial structure? Empirical evidence from China," Technological Forecasting and Social Change, Elsevier, vol. 170(C).
    10. Wolfgang Briglauer & Michał Grajek, 2021. "Effectiveness and efficiency of state aid for new broadband networks: Evidence from OECD member states," ESMT Research Working Papers ESMT-21-01, ESMT European School of Management and Technology.
    11. Abdulqadir, Idris A. & Asongu, Simplice A., 2022. "The asymmetric effect of internet access on economic growth in sub-Saharan Africa," Economic Analysis and Policy, Elsevier, vol. 73(C), pages 44-61.
    12. Murat A. Yülek, 2017. "On the Middle Income Trap, the Industrialization Process and Appropriate Industrial Policy," Journal of Industry, Competition and Trade, Springer, vol. 17(3), pages 325-348, September.
    13. Andrés Maroto Sánchez & Juan Ramón Cuadrado Roura, 2008. "New Regional convergence in productivity and productive structure. Application to European Southern countries," Working Papers 11/08, Instituto Universitario de Análisis Económico y Social.
    14. Iryna Kalenyuk & Liudmyla Tsymbal, 2021. "Assessment of the intellectual component in economic development," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(6), pages 4793-4816, June.
    15. Friesenbichler, Klaus S. & Glocker, Christian, 2019. "Tradability and productivity growth differentials across EU Member States," Structural Change and Economic Dynamics, Elsevier, vol. 50(C), pages 1-13.
    16. Liu, Fengquan, 2015. "The Whole Economy Approach of the Input-Output Model," MPRA Paper 64746, University Library of Munich, Germany.
    17. Nolte, André, 2017. "The internet effects on sex crime and murder: Evidence from the broadband internet expansion in Germany," ZEW Discussion Papers 17-050, ZEW - Leibniz Centre for European Economic Research.
    18. Juan R. Cuadrado-Roura & Andrés Maroto, 2016. "Unbalanced regional resilience to the economic crisis in Spain: a tale of specialisation and productivity," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 9(1), pages 153-178.
    19. repec:vuw:vuwscr:19314 is not listed on IDEAS
    20. Arif Imam Suroso & Idqan Fahmi & Hansen Tandra, 2022. "The Role of Internet on Agricultural Sector Performance in Global World," Sustainability, MDPI, vol. 14(19), pages 1-10, September.
    21. Yvonne Wolfmayr, 2008. "Trade Barriers in Services and Competitive Strengths in the Austrian Service Sector. An Analysis at the Detailed Sector Level," WIFO Studies, WIFO, number 34223.

    More about this item

    Keywords

    industrial structure upgrading; structural dividends; SARAR model; China;
    All these keywords.

    JEL classification:

    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rfe:zbefri:v:36:y:2018:i:1:p:355-372. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Danijela Ujcic (email available below). General contact details of provider: https://edirc.repec.org/data/efrijhr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.