Analysis of the Relationship between Industrial Structure Optimization and Economic Growth in Shandong Province Based on VAR Model
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Xigang Zhang, Xidong Li, and Xiaoyu Yin
The econometric model VAR model was used to explore the relationship between industrial structure optimization and economic growth in Shandong Province. Firstly, the Taier index and structural similarity coefficient are used to quantitatively analyze the rationalization and heightening of industrial structure in Shandong Province. Secondly, by constructing VAR model and analyzing the economic data of Shandong Province from 1978 to 2016, the relationship between industrial structure and economic growth is analyzed. The analysis results show that since the reform and opening, the rationalization and heightening of the industrial structure of Shandong Province have shown the characteristics of overall increase but staged fluctuations, both of which can promote economic growth. There is a mutual promotion between the rationalization of industrial structure and economic growth, and the one-way relationship between industrial structure heightening and economic growth, and the contribution of industrial structure rationalization to economic growth is much higher than heightening.
Rationalization of industrial structure, Heightening of industrial structure, VAR model, Economic growth