Abstract:
With the world's input-output table as the data source, the paper measures pulling effect of industrial growth of Germany from four big demands in global value chain. The results show that three major demands of German economic growth are foreign consumption, domestic consumption and foreign capital formation. Due to decline in the value added rate of Germany, and the German domestic capital formation grew slowly, the pulling effect of economic growth of Germany from German domestic capital formation is negative. German economic growth is mainly reflected in the growth of service industry and manufacturing industry. Domestic consumption, foreign consumption, foreign capital formation are the most important driving forces for the growth of German service industry; foreign consumption and foreign capital are the most important driving forces for the growth of German manufacturing industry. Finally, three points are obtained for China to learn from German experience.