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

Dan Liu, Chun Wang, Xiaoyu Zhang, Yongmin Wu
2018 Proceedings of the 2nd International Conference on Culture, Education and Economic Development of Modern Society (ICCESE 2018)   unpublished

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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
more » ... om 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.
doi:10.2991/iccese-18.2018.262 fatcat:cjvwjluf4jgypeuzgp4foukeqq
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Dan Liu, Chun Wang, Xiaoyu Zhang, Yongmin Wu. "Nonlinear Correlation Mechanism of Service Outsourcing Industry and Economic Growth A Comparison between China and India." Proceedings of the 2nd International Conference on Culture, Education and Economic Development of Modern Society (ICCESE 2018) (2018)