TITLE:
Comprehensive Analysis of Internal and External Factors Affecting the Development of the Third Industry in China
AUTHORS:
Zelong Fang
KEYWORDS:
Third Industry Development, Regression Analysis, Manufacturing Industries, Urbanization Level, Living Level of Residents
JOURNAL NAME:
Modern Economy,
Vol.11 No.4,
April
27,
2020
ABSTRACT: This article mainly studies the relevant factors
that affect the development of China’s tertiary industry, including external
and internal aspects. For the internal factors, we choose the financial
industry, tourism and education. And for the external factors, we selected
factors such as the level of national economic development, urbanization,
science and education, living standards of residents, degree of openness to the
outside world, and labor in the tertiary industry. Based on the internal and
external factors selected above, we explore the internal dynamics of the
development of the tertiary industry in China and the external factors that
influence the development of the tertiary industry. This paper selects data
from the national level and the provincial level for the internal and external
aspects. For internal factors, we selected national statistics from 1994 to
2015 at the national level. For external factors, we selected data from the
National Bureau of Statistics from 1991 to 2009, and provincial data from the
National Bureau of Statistics from 2004 to 2013. We have processed all data to
eliminate the influence of price factors and dimensional factors, and applied
multiple linear regression analysis methods to the data to establish a multiple
linear regression equation. From the perspective of empirical analysis, we have
obtained the specific effects of the above factors on the development of
China’s tertiary industry, and
confirmed that the above five external factors are important factors in the
development of China’s tertiary industry, as well as the outstanding contribution
of the financial and education industries to China’s tertiary industry. In the
end, based on the analysis results, we obtained the degree of influence of
various factors on the tertiary industry and made recommendations for the
development of the tertiary industry in China in the future.