Research on the Impact of Manufacturing Upgrading on Economic Growth Under a Global Perspective —Based on the Dynamic Panel Model with Interactive Items
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Research on the Impact of Manufacturing Upgrading on Economic Growth Under a Global Perspective —Based on the Dynamic Panel Model with Interactive Items
LI Lei
School of International Economics and Trade, Henan University of Economics and Law,Zhengzhou 450046, China
Abstract Based on data from the world’s 75 economies from 2000 to 2014, this paper integrates the intra-industry upgrading of manufacturing into a dynamic panel model with interactive items. Then it empirically studies the direct and indirect effect and the total effect of the upgrading on economic growth and compares it with the effects of inter-industry upgrading of manufacturing. The result shows: Firstly, intra-industry upgrading of manufacturing has significant direct effect on economic growth while the direct effect of inter-industry upgrading on economic growth is not stable; Secondly, intra-industry upgrading of manufacturing can significantly promote economic growth through service sector, and the degree of promoting effect is greater than that of inter-industry upgrading; Thirdly, the partial effect value of manufacturing upgrading indicates that intra-industry upgrading in general plays a significant role in promoting economic growth, which is far stronger than the weak promoting effect of inter-industry upgrading in general after eliminating the unstable direct impact
LI Lei. Research on the Impact of Manufacturing Upgrading on Economic Growth Under a Global Perspective —Based on the Dynamic Panel Model with Interactive Items. Economic Survey, 2019, 36(5): 096.
2019, Vol. 36 
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