%A NIE Sa %T The Configuration Effect of Inflation on Department based on Dynamic Panel Data Model in China %0 Journal Article %D 2017 %J Journal of Guizhou University of Finance and Economics %R %P 1-6 %V 35 %N 04 %U {https://gcxb.gufe.edu.cn/CN/abstract/article_9005.shtml} %8 2017-07-15 %X This paper builds a dynamic panel data model to test the impact of inflation on eight major sectors using Chinese provincial panel data from 2005—2014, then we estimate the theoretical model by robust one step system GMM estimation method and make a test. The result shows that the impact of inflation on Agriculture & Farming, Industry and Construction is positive, while the other sectors are negative. Although inflation has a different configuration effect on various departments, sustainable economic development had a significant impact on the structural adjustment of departments, so inflation doesn't hinder the optimization and upgrading process of industrial structural adjustment in China.