Science Research Management ›› 2017, Vol. 38 ›› Issue (3): 128-134.

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A comparative empirical research on the economic growth effects of China’s import technological sophistication

Shao Jianchun   

  1. School of International Business,Zhejiang International Studies University,Hangzhou 310012,Zhejiang,China
  • Received:2014-12-03 Revised:2016-04-08 Online:2017-03-20 Published:2017-03-22
  • Contact: Shao Jianchun

Abstract: This paper firstly calculates China’s manufactures’ and services’ import technological sophistication on the basis of 197 economies’ manufactures’ as well as 98 economies’ services’ data of 2001-2013,and after constructing a VAR model following unit root and co-integration tests,makes a comparative empirical analysis of their economic growth effects using impulse response and variance decomposition. The findings reveal that the increase of China’s manufactures’ and services’ import technological sophistication each has a positive driving effect on China’s economic growth; and compared with the manufactures’, the services’ import technological sophistication demonstrates an even stronger impact on as well as makes more contributions to China’s economic growth.

Key words: import technological sophistication, economic growth, VAR model