Study on the Correlation between Industrial Structure and Economic Growth in Hubei Province

DOI

10.2991/saeme-17.2017.59How to use a DOI?

Keywords

Hubei province, Industrial structure, Economic growth, Relevance research

Abstract

According to the "Petty - Clark theorem", the highest stage of the development of regional industrial structure presents as the form of "the third, the second and the first", namely the proportion of the third industry's GDP is largest. The data shows that the proportion of Hubei's second industry has the largest contribution to its economic growth and there is an obviously unreasonable trend of development in the industrial structure. From the perspective of industrial structure, using the time series analysis and econometric model, this paper explores the relationship between the change of the industrial structure and regional economic growth, and the third industry and the GDP of Hubei province and finds that the third industry has the most significant effect to the economic growth of Hubei province. On the basis of that, this paper proposes several relevant policy suggestions for the economic development of Hubei province and the optimization of the industrial structure.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Zheng Wang
PY  - 2017/07
DA  - 2017/07
TI  - Study on the Correlation between Industrial Structure and Economic Growth in Hubei Province
BT  - Proceedings of the 2017 International Conference on Sports, Arts, Education and Management Engineering (SAEME 2017)
PB  - Atlantis Press
SP  - 262
EP  - 266
SN  - 2352-5398
UR  - https://doi.org/10.2991/saeme-17.2017.59
DO  - 10.2991/saeme-17.2017.59
ID  - Wang2017/07
ER  -