Impacts of Marine Industrial Structure Changes on Marine Economic Growth in China

Abstract

Xie, B.; Zhang, R., and Sun, S., 2019. Impacts of marine industrial structure changes on marine economic growth in China. In: Li, L.; Wan, X.; and Huang, X. (eds.), Recent Developments in Practices and Research on Coastal Regions: Transportation, Environment and Economy. Journal of Coastal Research, Special Issue No. 98, pp. 314–319. Coconut Creek (Florida), ISSN 0749-0208.The change in the marine industrial structure in China from 2005 to 2017 was measured with two indicators, including industrial structure rationalization and industrial structure advancement. The two indicators were introduced into the production function of the marine economy to empirically research the impact of marine industrial structure changes in China on marine economic growth through the fixed-effect model. The research results show that marine economic growth depends not only on the labor and technology input, but also on the contributions of the industrial structure changes. In view of the latter, the industrial structure rationalization can positively affect the marine economy, while the industrial structure advancement can negatively affect the marine economy. Thus, China should observe the principle of rational allocation of resources and scientifically guide production factors into the emerging areas of marine secondary industries, such as marine biomedicine, and seawater desalination. In addition, China should also actively guide labor into the marine economy, and enhance the innovation ability of marine science and technology, so as to promote marine economy growth.