Title: On the Effect of Foreign Trade on the Evolution of Industrial Structure towards Tertiarization in China:From the Perspective of International Manufacturing-service Division of Labor
Abstract: This paper explores demand-based reasons for the stagnant evolution of industrial structure in China from the perspective of international manufacturing-service division of labor and proposes the hypothesis that over-development of export trade will lead to greater crowding-out effect on service sector than its income effect and correlative effect in consideration of international manufacturing-service division of labor,thereby catching industrial structure in the trap of over-industrialization at a low level.It employs a simultaneous equation model to extract the independent effects of each economic variable and provides some empirical evidence for the hypothesis above-mentioned.It concludes that,although export-led development pattern in China has accelerated the process of industrialization,it will probably inhibit the transformation of industrial structure from industrialization to tertiarization.After the international financial crisis,it is necessary for China to change its development pattern in order to promote the transformation and upgrading of economic structure.
Publication Year: 2013
Publication Date: 2013-01-01
Language: en
Type: article
Access and Citation
Cited By Count: 3
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot