Research On Industrial Structure Optimization In Northeast China Based On Factor Allocation Efficiency Improvement

The realization of comprehensive and all-wave revitalization is the main task of Northeast China economic development at this stage.Since entering the new normal,the economic growth rate of Northeast China has slowed down again,significantly lower than the growth level during the first round of revitalization.This decline has exposed the deeper structural contradictions in the economic development of Northeast China,which urgently needs to promote the adjustment of the industrial structure.At present,the economic growth model of Northeast China relying on extensive factor input has not been completely reversed.The allocation of resources is dominated by the government,which leads to the failure of the market to fully play its role and institutional constraints on the flow of factors.The lack of perfect market-oriented allocation system and mechanism of factors is one of the reasons for the inefficient allocation of factors among industrial departments,which then leads to a series of problems such as the mismatch between supply and demand structure,excessive investment and excess overcapacity.The view of "structural dividend hypothesis" believes that industrial structure adjustment can lead to the change in the efficiency of the allocation of factors,and the production efficiency change caused by the effective flow of factors between industrial departments plays a contribution to economic growth.In this regard,the research of industrial structure optimization for the solution of the current problem of economic recession in Northeast China.As the key to opening up the economic cycle blockage point and improving the quality of the supply system,the supply-side reform is the main line of building a new development pattern of "dual circulation".Combined with the content of the supply-side reform,the structural adjustment of Northeast China should start from the supply side,pay attention to the impact of the supply factors in the production link on the optimization of the industrial structure,and fundamentally solve the strangle problem that hinders the structural adjustment.Therefore,this paper studies the industrial structure adjustment in Northeast China,takes economic decline as the entry point,industrial structure optimization as the core content,conducts theoretical analysis and empirical inspection of the optimization objectives and influence factors,and finally puts forward the corresponding policy suggestions.Based on the idea design of "problem proposal-theoretical research-empirical analysis-policy research",this paper combines the background of the system and practical obstacles of economic development in Northeast China.The main contents and conclusions of this paper are summarized as follows.(1)This paper analyzes the evolution and present situation of industrial structure in Northeast China.Since the founding of The People's Republic of China,the evolution of industrial structure in Northeast China has been divided into four stages.The evolution process has obvious institutional characteristics and deviates from the general law.At the present stage,the growth of Northeast's industry is weak,which leads to the economic development depends on the first and the third industries.But the share of the three major industries in China is declining.The problem of inefficient allocation of factors is serious,which needs to be solved by industrial structure optimization.(2)This paper constructs a theoretical analysis framework of industrial structure optimization based on factor allocation efficiency improvement.The effective flow and replacement of factors help to improve the efficiency of economic output.Due to the deep structural contradiction,the industrial structure optimization should aim at improving the factor allocation efficiency.The effect of rationalization on factor allocation efficiency is mainly reflected in the quality improvement of factor distribution aggregation.High industrial structure promote the transfer of elements to high-level industrial sectors.Based on the supply-side reform,this paper studies the influence of supply-side factors such as labor,capital,technology and institution on the industrial structure optimization.(3)This paper empirically examines the impact of industrial structure optimization on factor allocation efficiency improvement in Northeast China.First,using SFA to estimate the FAEC in Northeast China.The FAEC has experienced two "first rise and then fall ",which has obvious contribution to the TFP growth,but the degree is gradually weakening.Further using the long panel data model and LSDV? "OLS+PCSE " ?IV-GMM to empirically test the impact of industrial structure optimization on FAEC,the results show that the higher the rationalization degree,the more conducive to the FAEC.There is a significant negative correlation between the FAEC and high industrial structure,which reflects that the passive "De-industrialization" under the weak industrial growth in Northeast China leads to the "virtual height",which is not conducive to the FAEC.(4)In further research,this paper analyzes the supply factors that affect the industrial structure optimization.A comprehensive evaluation index of supply factors is constructed by using GPCA.On the whole,the high quality supply factor is helpful to promote the rationalization of industrial structure and the evolution of high degree.Synthesizing above research,put forward Northeast China industrial structure optimization policy suggestion.Compared with the previous literature,the innovation of this paper is reflected in the following aspects.(1)This paper broadens the perspective of economic decline in Northeast China.Combined with the current economic situation and the requirements of revitalizing the development of Northeast China,this paper puts forward a special plan for structural adjustment with the industrial structure optimization as the core,and clarifies the direction and emphasis of the adjustment.By analyzing the present situation,existing problems and obstacles of industrial structure in Northeast China,this paper puts forward that the FAEC should be taken as the goal to promote the industrial structure optimization.In the further study,this paper discusses the factors affecting the supply-side production link of industrial structure optimization,and puts forward a new idea of structural adjustment for the economic development of Northeast China.(2)Theoretical analysis and empirical test of promoting industrial structure optimization with the aim of FAEC.There is no lack of examination of the "structural dividend hypothesis" in the past literature,but the research results of qualitative and quantitative analysis of the influence of industrial structure optimization on the FAEC are relatively lacking from the dual dimensions of rationalization and high industrial structure.Therefore,this paper expands the relevant research,not only discusses the theoretical mechanism,but also uses the empirical method to test the influence effect,and obtains more comprehensive research results.In addition,when measuring the factor allocation efficiency,the traditional capital stock estimation method is beneficial improved.Combined with the published data,the standard steps of sustainable inventory method to estimate capital stock are put forward.Finally,this paper obtained the data of three inter-provincial industrial capital stock since the reform and opening up.(3)Quantitative analysis of the quality of supply factors through the construction of a comprehensive index system.At present,the dislocation of supply and demand structure is the main structural contradiction faced by Northeast China.The supply quality and level of production end are directly related to the adjustment of product supply structure.Therefore,it is of theoretical and practical significance to investigate the influence of supply factors on industrial optimization.This paper attempts to construct the quality index system of supply factors and uses the GPCA method to obtain the quality index and total index of each supply factor,which provides reliable data support for further empirical test of the influence of supply factors on industrial structure optimization.