Dynamic Relationship of Industrial Structure Change and Economic Fluctuations: Evidence from Sichuan, China

  •  Ying Feng    
  •  Dongmei Li    
  •  Yanni Long    


Industrial Structure Change is not only an important source of economic growth; it’s also an important driving force for economic fluctuations. In this paper, on the basis of combing the literature, and the relevant data in 1978-2013 of Sichuan Province in China, and the use of empirical VAR model to analyzes the mutual dynamic influence of Sichuan Industrial Structure Change and economic fluctuations. The study found that the rationalization and optimization of the industrial structure both impact on economic fluctuations, but the impact are on the opposite direction. In the short term, the industrial structure rationalization and industrial structure optimization respectively has positive and negative effects on economic fluctuations; in the long term the opposite. Industry Structure optimization fluctuations shows a great influence on economic fluctuations, while the rationalization of the industrial structure shows a relatively small negative effect. The impact of economic fluctuations on the rationalization of the industrial structure fluctuation and optimization performance for the negative and positive relationships. d annual reports of the sampled firms and their market values obtained from the official daily list of the Nigerian Stock Exchange (NSE) over a period of 10 years (2001-2010). Using multivariate regression as technique for data analysis, the study established that accounting information of Food & Beverages companies in Nigeria is value relevant. Accordingly, the study recommends the use of financial statements figures of Food and Beverages firms for investment decision.


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