Scientific and Technological Progress, Industrial Structure Evolution and Economic Growth

Scientific and Technological Progress, Industrial Structure Evolution and Economic Growth


Author:Wang Yonglian, Liu Han Journal:Science and Technology Management Research Date:2017, 37(1)

Abstract

In our paper, we do a quantitative analysis of the interaction mechanism of scientific and technological progress, industrial structure, and economic growth, based on the measure of progress in science technological and, the evolution of industrial structure. The empirical studies show that (1) the scientific and technological progress has the characteristic of periodical and, rendering synchronization changes with business cycle; (2) the evolution of industry structure has a downward trend with the gradual adjustment of industry structure and, the adjustment of industry structure gradually change from quantity to quality; (3) there is a big difference, even a reverse effect, occurs in the interaction mechanism of the three variables in a short-term, while there has a positive, stable and positive promote relationships between them in the long-term.


Key words

Scientific and Technological Progress; Industrial Structure; Economic Growth


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