Research Article
Analysis of the Industrial Structure of New Structural Economics based on the Revealed Comparative Advantage Index (RCA)
@INPROCEEDINGS{10.4108/eai.18-11-2022.2327174, author={Qianhong Li}, title={Analysis of the Industrial Structure of New Structural Economics based on the Revealed Comparative Advantage Index (RCA)}, proceedings={Proceedings of the 4th International Conference on Economic Management and Model Engineering, ICEMME 2022, November 18-20, 2022, Nanjing, China}, publisher={EAI}, proceedings_a={ICEMME}, year={2023}, month={2}, keywords={new structural economics industrial division industrial structure industrial leadership industrial policy china-us comparison}, doi={10.4108/eai.18-11-2022.2327174} }- Qianhong Li
Year: 2023
Analysis of the Industrial Structure of New Structural Economics based on the Revealed Comparative Advantage Index (RCA)
ICEMME
EAI
DOI: 10.4108/eai.18-11-2022.2327174
Abstract
To measure economic development, the productivity and income of people in various industries are inseparable. The improvement of labor productivity level mainly relies on technological innovation and industrial upgrading, while the power of a country is ultimately limited and cannot support each industry in equal amount. So the classification of existing industries and the implementation of corresponding policies for each type of industry can promote a country's economic development efficiently. According to the five categories of industries proposed by Professor Justin Lin's new structural economics, I selected five indicators and analyzed the industrial data of the world from 1995 to 2018, and compared the upgrading and transfer of industrial structure between China and the United States between 1995 and 2018.I found that the United States has always been leading the world in most industries, while China has achieved remarkable results in industrial transformation and upgrading compared with 20 years ago.