WSEAS Transactions on Mathematics
Print ISSN: 1109-2769, E-ISSN: 2224-2880
Volume 12, 2013
Empirical Research on the Performance of Circulation Industry Based on Input-Output Analysis – Evidence from Zhejiang Province, China
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Abstract: Taking Zhejiang Province as an example and using input-output model, this article adjusts the inputoutput tables over the years and compiles input-output tables of circulation industry. Through analysis of the calculated results and vertical and horizontal comparison (with the economically developed regions in China), it studies industrial properties of Zhejiang circulation industry. The results show that, the position and role of circulation industry in national economy continue to strengthen; Circulation industry has strong ability to absorb labor force, but its basic industrial characteristics are not obvious enough; There is a certain gap between Zhejiang province and the economically developed regions in circulation industrial features; Circulation industry is consumer-driven, investment-driven and export-driven industry; The induced role of final consumption, investment demand and export demand is strong to circulation industry, of which the induced role of consumption is strongest; Currently, to stimulate the final demand, particularly, to positively develop rural consumer market and cultivate new consumption hot in cities and towns can promote circulation industry to rapidly develop.
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Keywords: Zhejiang Province, Circulation industry, Performance, Input-output model, Industrial characteristics, Vertical and horizontal comparison