China's Service Trade and Service Industry Growth - An Empirical Analysis from the Aspect of Factor Intensity

DOI

10.2991/mmetss-16.2017.56How to use a DOI?

Keywords

Service industry growth, Service imports and exports, Factor intensity, VEC model.

Abstract

China's service industry has grown rapidly since 1997, and meanwhile the service imports and exports also increased at a great speed, indicating a link between China's service trade and service industry GDP. This paper separates services into three categories by factor intensity and conducts an empirical analysis with vector error-correction (VEC) models. The results find that there is a long-run relationship among China's service industry outputs, labor-intensive service trade, capital-intensive service trade and knowledge-intensive service trade. Among the three types of services, only labor-intensive service exports, capital-intensive imports and knowledge-intensive imports have an impact on the growth of China's service industry.

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  - Ke Xuan
PY  - 2017/02
DA  - 2017/02
TI  - China's Service Trade and Service Industry Growth - An Empirical Analysis from the Aspect of Factor Intensity
BT  - Proceedings of the 2016 International Conference on Modern Management, Education Technology, and Social Science (MMETSS 2016)
PB  - Atlantis Press
SN  - 2352-5398
UR  - https://doi.org/10.2991/mmetss-16.2017.56
DO  - 10.2991/mmetss-16.2017.56
ID  - Xuan2017/02
ER  -