The study of industrial structure change and economic growth in China's new economic based on optimal control model

DOI

10.2991/febm-17.2017.50How to use a DOI?

Keywords

economic growth; industrial structural transformation; new economy; optimal control model

Abstract

The rapid growth of knowledge-based economy driven by the information technology revolution has had a profound impact on China's economic growth and industrial structure change. This paper re-examines the relationship between China's economic growth and industrial structure change based on the optimal control model. Furthermore, numerical simulations using the three industrial structure change models are carried out by using the parameters suitable for China. The empirical analysis shows that the share of each consumption sector is finally stabilized, and the economic growth rate depends on the technological progress rate of the capital goods sector.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Tifang Ye
AU  - Yanli Zhou
AU  - Xiangyu Ge
PY  - 2017/10
DA  - 2017/10
TI  - The study of industrial structure change and economic growth in China's new economic based on optimal control model
BT  - Proceedings of the Second International Conference On Economic and Business Management (FEBM 2017)
PB  - Atlantis Press
SP  - 383
EP  - 390
SN  - 2352-5428
UR  - https://doi.org/10.2991/febm-17.2017.50
DO  - 10.2991/febm-17.2017.50
ID  - Ye2017/10
ER  -