Economic Growth, Independent Innovation and Industrial Structure: Evidence from Beijing, Tianjin and Hebei

摘要

We use semi-parametric panel space vector auto-regression approach and impulse response function to analyze the dynamical interplay among economic growth, independent innovation and industrial structure in Beijing, Tianjin and Hebei. Estimation results show that, independent innovation and industrial structure shocks of Beijing gave a weak positive effect on economic growth, independent innovation and industrial structure of the contiguity areas. Industrial structure shocks of Tianjin and Hebei gave a reverse 'N' shaped effect on economic growth, independent innovation and industrial structure of the contiguity areas. Besides, we use the semi-parametric part to analyze the influence of tax structure on the three, it is found that the ratio of commodity tax to income tax is reasonable between 5.7 and 5.8, which can promote the coordinated development between economic growth, independent innovation and industrial structure.