›› 2019, Vol. 31 ›› Issue (9): 105-115.

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Research on the Relationship between High-tech Industry and Regional Economic Development in Beijing

Shao Chang'an1,2, Guan Xin1, Ye Zhonghua1   

  1. 1. School of Public Policy and Management, University of Chinese Academy of Sciences, Beijing 100049;
    2. School of Economics and Management, Institute of Disaster Prevention, Sanhe 065201
  • Received:2018-04-09 Online:2019-09-28 Published:2019-09-29

Abstract:

This paper analyzes the leading role of high-tech industry of Beijing in the development of regional economy, and explores the relationship between development of high-tech industry and development of tertiary industry. Based on the empirical data of high-tech industry and tertiary industry of Beijing from 2003 to 2016, the paper establishes vector auto-regression (VAR) model and vector error correction (VEC) model, and uses impulse response and variance decomposition to research the long-term and short-term dynamic effect relationship between high-tech industry and tertiary industry. The results indicate that a long-term equilibrium relationship exists between high-tech industry and tertiary industry in Beijing. The total output value of high-tech industry is the reason that affects the contribution rate of tertiary industry in Beijing. There exists one-way causal relationship between two variables, but the variables will affect each other positively and have a long-term effects. The positive impact of the total output value of high-tech industry on the contribution rate of tertiary industry is greater. On this basis, it is advised to develop the service outsourcing, accelerate the industrial integration and cluster development, promote the development of advanced producer services, and improve the competitiveness of tertiary industry through technology penetration.

Key words: high-tech industry, economic development, VAR model, impulse response, variance decomposition