The dynamic model of describing influence of industrial structure and technology transfer on economy growth is given in this paper. The model reflects three important results as follows (i) If Small Open Economy (SOE) is multiple and the number of employers in service department is increasing,then GNP per capital will grow;(ii) The change of industrial structure in manufacturing department will lead higher GNP per capitcal;(iii) If foreign direct investment (FDI) is realized by multisnational company with accompanying transfer of its own technology and productive service,then economy growth of the state which is imported the technology will be slowed down.