Title: The Research on the Relationship between Producer Services and Modern Industry
Abstract: In recent years,Chinese industry has accounted for 85 percent in the secondary industry,which plays important role in the rapid growth of China's economy.While the services sector,especially the producer services sector has contributed more and more to the industry's growth.In the paper,we research the relationship between the produce services sector and the modern industry using VEC model.The results show either from the long-run equilibrium relationship or from the short-term fluctuations,the output growth of all the sectors consisting of the producer services sector,the transportation,storage and postal services,real estate,financial services sector has different influence on the modern industry.In addition,the growth of modern industry not only has large short-term fluctuation in inertia,but also has the ability to regulate reservedly based on long-term equilibrium relationship.
Publication Year: 2012
Publication Date: 2012-01-01
Language: en
Type: article
Access and Citation
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot