The Impact of Industrial Structure Adjustment on Economic Growth in Japan

Bo ZHANG

Abstract


Industrial structure adjustment reflects the dynamic association between industries. The speed of industrial structure adjustment and the proportion changes in the three industrial structures are important factors that affect economic growth. In order to make quantitative analysis on the impact of Japanese industrial structure adjustment to economic growth, the paper reviews the evolution process of Japanese three industrial structures, measures the speed of Japanese industrial structure adjustment by the K value of industrial structure changes. And then this paper analyzes the impact of speed of industrial structure adjustment on economy growth by impulse response function, and assesses the contribution of the proportion changes in the three industrial structures on economy growth by econometric regression model. The empirical results show that the speed of industrial structure adjustment has a positive stimulating role on economic growth. Since 1985, the output elasticity of Japanese primary industry drops to negative, secondary industry and tertiary industry increase. However, the magnitude of secondary industry rise is greater than tertiary industry. Japanese industrial structure exist the problem of excessive servicing. Finally, this paper puts forward policy recommendations for China to speed up industrial structure adjustment.
Key words: Japanese economic; Industrial structure; Economic growth; The three industries

Keywords


Japanese economic; Industrial structure; Economic growth; The three industries

Full Text:

PDF

References


Bai X. J. (2003). A comparative study of the effects of Japan and America’s industrial restructuring on economic growth and employment, Contemporary Economy of Japan, (5), 30-35.

Chenery H., Robinson S., & Syrquin M. (1986). Industrialization and growth: A comparative study, Oxford University Press.

Chen H. (2010). The impact of China's industrial structure adjustment on economic growth, Capital University of Economics and Business, 26-29.

Ester G. S., & Aurora A. C. T. (2011). Does structure influence growth? A panel data econometric assessment of “relatively less developed” countries, 1979–2003. Industrial and Corporate Change, 20(2), 457–510.

Gan C. H., Zheng R. G, & Yu D. F. (2011). An empirical study on the effects of industrial structure on economic growth and fluctuations in China, Economic Research Journal, (5), 4-16.

Guan X. L., & Ding Z. H. (2012). Industrial Structure improvement and the economic growth of Japan, World Economy Study, (7), 80-86.

Li F. Z. (2014). Empirical research on China’s economic structural adjustment and economic growth, Journal of Finance and Economics Theory, (1), 1-9.

Liu F. H. (2009). Theory review on the effect of contemporary industrial structure adjustment to economic growth, Journal of Productivity Research, (14), 190-192.

Tian S. J., Wang S. L., & Liu Z.Y. (2010). The impact of industrial structure adjustment on economic growth: With the empirical analysis of Chinese Jiangxi province in 1978-2008, Economic Research Guide, (18), 121-123.

Wang S. (2014). The contribution of industrial structure adjustment on economic growth, Journal of Commercial Times, (7), 111-113.

Xue J. X., et al. (2002). The contemporary industrial structure of Japan, Tianjin People's Publishing House.

Zhang P., & Wang S. H. (2009). Theory and policy on industrial structure, Wuhan University Press.




DOI: http://dx.doi.org/10.3968/%25x

Refbacks

  • There are currently no refbacks.


Copyright (c)



Share us to:   

Reminder

  • How to do online submission to another Journal?
  • If you have already registered in Journal A, then how can you submit another article to Journal B? It takes two steps to make it happen:

1. Register yourself in Journal B as an Author

  • Find the journal you want to submit to in CATEGORIES, click on “VIEW JOURNAL”, “Online Submissions”, “GO TO LOGIN” and “Edit My Profile”. Check “Author” on the “Edit Profile” page, then “Save”.

2. Submission

  • Go to “User Home”, and click on “Author” under the name of Journal B. You may start a New Submission by clicking on “CLICK HERE”.


We only use three mailboxes as follows to deal with issues about paper acceptance, payment and submission of electronic versions of our journals to databases: caooc@hotmail.com; ibm@cscanada.net; ibm@cscanada.org

 Articles published in International Business and Management are licensed under Creative Commons Attribution 4.0 (CC-BY).

 INTERNATIONAL BUSINESS AND MANAGEMENT Editorial office

Address: 1055 Rue Lucien-L'Allier, Unit #772, Montreal, QC H3G 3C4, Canada.
Telephone: 1-514-558 6138 
Website: Http://www.cscanada.net Http://www.cscanada.org 
E-mail: caooc@hotmail.com

Copyright © 2010 Canadian Research & Development Centre of Sciences and Cultures