Case Study on Key Influencing Factors of Modern Service Industry Development

In the process of industrial structure adjustment and economic development model innovation, the role and status of modern service industry are becoming increasingly important. Shenzhen Municipal People’s Government had paid great attention on the development of modern service industry. On one hand, modern service industry has been quite large and mature, and on the other hand, there are problems of insufficient in total volume, relatively narrow industry field and somehow inadequate industry structure. Based on rational choosing and building an influencing indicator system, this paper tries to analysis the development of modern service industry in Shenzhen. Through using methods such as cointegration analysis, Granger causality test and multiple linear regression, combined with the relevant data collected, we found that the foreign direct investment and the investment level of modern service industry are the key factors. Therefore, this paper suggested that the development of modern service industry in Shenzhen might improve on expanding foreign investment, strengthening the investment level of modern service industry, and upgrading professional talents.