Journal of Shanghai University (Social Science Edition)

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An Empirical Analysis of the Double Spillover Effect of China' s Manufacturing and Service Trade

  

  • Received:2010-04-16 Online:2011-01-15 Published:2011-01-15

Abstract:

Since the inception of 1980s, the global industrial structure has taken on a general tendency to transforming from the "manufacturing economy" to the "servicing economy". During the process of the continuous adjustment and upgrade of the industrial structure, the interaction between manufacturing and servicing becomes more and more evident. This essay has an empirical analysis of the relationship between China' s manufacturing and servicing since the reform and opendoor. The result of study on the basis of VAR model indicates that there is a longterm dynamic relationship between manufacturing and servicing but the mutual influence coefficient is smaller, which accounts for an unformed positive interaction of the both. The fact that the coefficient summation of the influence of manufacturing on servicing is less than the coefficient summation of the influence of servicing on manufacturing shows that China' s degree of specialized labor division is not high. On the one hand, a great deal of requirement of middle service has not been divorced from industrial chains; and on the other hand, the degree of dependency of manufacturing on servicing is lower. At the same tome, it is limited for the effect of supporting and driving. All this not only restrains the development of servicing but also holdbacks the enhancement of the value realization and competition. The situation becomes so, mainly because a harmonious mechanism between industries has not established. And by analysis of the computation model and the inputoutput, the author points out that there is a twoway spillover effect between China' s manufacturing and servicing, which is interactive. It is a great importance for China' s economic growth and structural transformation to promote the development of their corresponding interaction. In the coming years, China should go further to guide the enterprise and the whole society in understanding the relationship between manufacturing and servicing, greatly improving the ability to independent innovation, enhancing the industrial level and upgrade, pushing forward the innovation of system. mechanism and policy, deepening each reform related to servicing economy, working out the strategic programming and the supporting measure of industrial integrated development, establishing the positive interactive mechanism of manufacturing and servicing, constructing the environment of industrial integrated development, strengthening the connection and centralized development of manufacturing and servicing, setting up the trade credit, honest service system and public service platform that is propitious to the interactive development, carrying forward the integration of industrial chains, so as to acquire, on the basis of this, the greater space and biggest efficiency of industrial development.