Proceedings of the 2nd International Conference on Culture, Education and Economic Development of Modern Society (ICCESE 2018)

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Nonlinear Correlation Mechanism of Service Outsourcing Industry and Economic Growth A Comparison between China and India

Authors
Dan Liu, Chun Wang, Xiaoyu Zhang, Yongmin Wu
Corresponding Author
Dan Liu
Available Online March 2018.
DOI
10.2991/iccese-18.2018.262How to use a DOI?
Keywords
nonlinear correlation mechanism; service outsourcing industry; economic growth; double logarithmic model; cointegration test
Abstract

The research on the function mechanism of service outsourcing industry to economic growth helps to locate the service outsourcing industry accurately during the economic transition from manufacturing to service. In order to obtain the experience path of advanced country’s service outsourcing industry, this paper chooses India, which is the largest supplier of global service outsourcing, as the comparative analysis object. Based on the statistical data of service outsourcing in China and India from 2005 to 2016, a double logarithmic model is constructed to test the elastic effect of service outsourcing industry on economic growth. The results show that the growth elasticity of service outsourcing industry to GDP both in China and India is relatively large, and the two countries are very close, China is even slightly higher than that of India. While the ratio of service outsourcing value to GDP in China is considerably lower than that of India. But it also means that China's service outsourcing industry has a greater potential advantage and would have a good prospect for further development.

Copyright
© 2018, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 2nd International Conference on Culture, Education and Economic Development of Modern Society (ICCESE 2018)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
March 2018
ISBN
10.2991/iccese-18.2018.262
ISSN
2352-5398
DOI
10.2991/iccese-18.2018.262How to use a DOI?
Copyright
© 2018, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - Dan Liu
AU  - Chun Wang
AU  - Xiaoyu Zhang
AU  - Yongmin Wu
PY  - 2018/03
DA  - 2018/03
TI  - Nonlinear Correlation Mechanism of Service Outsourcing Industry and Economic Growth A Comparison between China and India
BT  - Proceedings of the 2nd International Conference on Culture, Education and Economic Development of Modern Society (ICCESE 2018)
PB  - Atlantis Press
SP  - 1174
EP  - 1179
SN  - 2352-5398
UR  - https://doi.org/10.2991/iccese-18.2018.262
DO  - 10.2991/iccese-18.2018.262
ID  - Liu2018/03
ER  -