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The Empirical Study on Producer Service Industry and Economic Growth in China: Implication on Economic Integration

Author

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  • Chen, Yinghe

    (Kangwon National University, Chuncheon, Republic of Korea)

Abstract

This empirical study investigates the impact of China's producer services on economic growth from 1995 to 2021, using ridge regression analysis. The results demonstrate that China's producer service industry has a positive influence on economic growth. The ridge regression shows wholesale and retail trade have the most significant positive impact, followed by transportation/storage services. Overall, the study provides valuable insights into the importance of producer services for China's economic integration and growth.

Suggested Citation

  • Chen, Yinghe, 2024. "The Empirical Study on Producer Service Industry and Economic Growth in China: Implication on Economic Integration," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 39(4), pages 921-939.
    • Handle: RePEc:ris:integr:0928
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    More about this item

    Keywords

    Producer Service Industry; Economic Growth; Economic Integration; Empirical Analysis; Limitations; China;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • L80 - Industrial Organization - - Industry Studies: Services - - - General
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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