Research on Impact of Producer Service of Hubei Provinces

Abstract

Producer service is part of the economic developing most rapidly. Based on the data of productive service industry in Hubei Province from 2003 to 2013, this paper uses gray relational analysis method to find out that labor investment, capital investment and industrialization level are most closely related to the development of productive service industry in Hubei Province. Then the author uses the vector autoregressive method to carry on the empirical analysis, the result shows that the labor input and the capital investment has the remarkable promotion function to the big development of the productive service industry in Hubei province, and the industrialization level starts to inhibit the development of the productive service industry in Hubei province, But to a certain level will promote the development of producer services.