| The Empirical Study on Producer Service Industry and Economic Growth in China: Implication on Economic Integration |
Yinghe Chen, |
| Kangwon National University, Chuncheon, Republic of Kor |
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Corresponding Author:
Yinghe Chen ,Email: yhyhxx66@gmail.com |
| Copyright © The Journal of Economic Integration |
| ABSTRACT |
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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.
JEL Classification
L80: General
O14: Industrialization; Manufacturing and Service Industries; Choice of Technology
O53: Asia including Middle East
F15: Economic Integration |
| Keywords:
producer service industry | economic growth | economic integration | empirical analysis | limitations | China
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