An empirical analysis of the IT industry’s impacts on economic growth in China

WANG Hongwei

Ph.D., Associate Researcher, the Institute of Quantitative & Technical Economics, Chinese Academy of Social Sciences

 
Abstract:

With its increasing contributions to economic growth and its important role in optimizing industrial structure and stabilizing overall prices, China’s information technology (IT) industry has grown into a dominant industrial sector in promoting the country’s economic development. Its high level of total factor productivity (TFP) growth rates makes China’s technical advances rely more and more on IT innovation and application. Under the current global economic crisis, the industry will remain an important source for economic growth.

Key Words:

IT industry, economic growth, total factor productivity (TFP), contribution rate

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