Proceedings of the Second International Conference On Economic and Business Management (FEBM 2017)

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

Authors
Tifang Ye, Yanli Zhou, Xiangyu Ge
Corresponding Author
Tifang Ye
Available Online October 2017.
DOI
https://doi.org/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.
Open Access
This is an open access article distributed under the CC BY-NC license.

Download article (PDF)

Proceedings
Second International Conference On Economic and Business Management (FEBM 2017)
Part of series
Advances in Economics, Business and Management Research
Publication Date
October 2017
ISBN
978-94-6252-423-1
ISSN
2352-5428
DOI
https://doi.org/10.2991/febm-17.2017.50How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

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  - Second International Conference On Economic and Business Management (FEBM 2017)
PB  - Atlantis Press
SN  - 2352-5428
UR  - https://doi.org/10.2991/febm-17.2017.50
DO  - https://doi.org/10.2991/febm-17.2017.50
ID  - Ye2017/10
ER  -