International Conference on Engineering and Business Management(EBM2013)(Paperback)

Wuhan,China,2013-03-112013-03-132013

ISBN: 978-1-61896-021-4 Scientific Research Publishing

E-Book 512pp Pub. Date: March 2013

Category: Business & Economics

Price: $200

Title: Empirical Analysis on the Role of Development of Service Industry in the Economic Development Mode Shift ——Case of Henan Province
Source: International Conference on Engineering and Business Management(EBM2013)(Paperback) (pp 46-49)
Author(s): Anzhong Zhang, College of Economics and Trade,Zhengzhou Institute of Aeronautical industry Management, zhengzhou,China
Abstract:

We used the econometric method to conduct an empirical analysis from three aspects, the development of service industry to enhance the ability of consumer demand, the ability of service industry to absorb employment and the ability of service industry to enhance economic growth in intensity. The results showed that the development of services to improve consumer spending does have a positive effect, flexibility to absorb employment of services is the largest among the three industries, by developing services to better promote an increase in employment, there exists two-way Granger causality between services and total factor productivity, there is a significant positive effect that the development service industry improve intensification of economic, Long-run equilibrium relationship exists between the two.


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