Impacts of Changes in Industrial Structure on the Imbalance of Payment ——Based on the Analysis of State Space Model
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Abstract By using the state space model, this paper conducts an empirical analysis and finds that China’s industry structure is irrational as a whole. The irrational structure of industry has played a very important role in promoting the imbalance of payment. Compared to the non-structural changes in industry, the structural changes in industry has influenced the imbalance of payment more greatly. At this stage, China should make necessary adjustments on foreign exchange policy and capital control policy to liberate the effect of the structural changes in industry on the imbalance of payment.
XU Zhong-Hun. Impacts of Changes in Industrial Structure on the Imbalance of Payment ——Based on the Analysis of State Space Model. Economic Survey, 2014, 31(1): 084.
2014, Vol. 31 
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