China 's Economic Growth Supply Structure and Its Evolution

China 's Economic Growth Supply Structure and Its Evolution


Author:Lin Xiumei,Zhang Tingting Journal:[Working Paper]  Date:2016(12)

Keywords Economic growth; supply side; dynamic structure; SDA

Abstract

Based on the supply side view, the structural structure and its evolution characteristics of China's economic growth from 1992 to 2015 are analyzed from the aspects of production efficiency and factor investment structure by using structural decomposition (SDA) technology. The results show that labor productivity is always improved from the overall level Is the core driving force of economic growth, the re-allocation of labor in the industry is the second driving force of growth, the initial investment, the middle of the input and the total investment structure is still dynamic optimization; new normal production efficiency significantly promote economic growth, extensive economic development Model further weakened, the Chinese economy has entered the initial stage of intensive development. From the industrial level, the main driving force of growth is gradually shifted from the secondary industry to the tertiary industry. Under the new normal situation, the service trend of China's ec

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