Research On The Impact Of The Strategic Adjustment Of Chinese State-owned Economic Layout On The Optimization Of Industrial Structure

The optimization of industrial structure is a necessary condition for a country to achieve sustained,stable and rapid economic development,and the strategic adjustment of state-owned economic layout can play a significant role in the optimization of industrial structure.Nowadays,with the Chinese economy entering a new normal and high-quality development stage,the optimzation of industrial structure is more difficult.The world economy continues to be in the doldrums,and there is no sign of recovery in the short term.In this domestic and international economic development environment,it is of great theoretical and practical significance to study the impact of strategic adjustment of China's state-owned economic layout on the optimization of industrial structure.The purpose of this paper is to analyze and test the effect and mechanism of strategic adjustment of state-owned economy layout on industrial structure optimization based on the theory of state-owned economy and industrial economics.It can not only enrich the research content of related topics,but also construct the research logic between the strategic adjustment of state-owned economic layout and the optimization of industrial structure,which can provide certain academic contributions to how to better promote the optimization of industrial structure through the strategic adjustment of state-owned economic layout.From the perspective of research ideas of this paper,firstly,it summarizes the relevant theoretical basis and reviews the relevant literature.Secondly,the paper analyzes and summarizes the realistic basis of the state-owned economic layout adjustment and industrial structure optimization.Thirdly,based on the previous theoretical and practical basis,this paper analyzes the theoretical mechanism of the impact of the strategic adjustment of Chinese state-owned economic layout on the optimization of industrial structure.Finally,from the different perspectives of the strategic adjustment of the industrial layout of the state-owned economy and the strategic adjustment of the regional layout of the state-owned economy on the optimization of the industrial structure,this paper makes a detailed empirical test on its overall impact,heterogeneity analysis and impact mechanism,using a variety of econometric methods.At the end of this paper,according to the research content of the full text,this paper puts forward some policy suggestions.The research methods of this paper are mainly embodied in the combination of historical analysis and comparative analysis,the combination of theoretical analysis and empirical analysis,and the combination of macro analysis and micro analysis.According to the research context of theoretical mechanism analysis,firstly,this paper analyzes the overall impact of strategic adjustment of Chinese state-owned economic layout on the optimization of industrial structure from two dimensions of industrial layout and regional layout,which provides a strong theoretical support for the empirical test later.Secondly,when analyzing the influence mechanism of strategic adjustment of state-owned economic layout on industrial structure optimization in the dimension of industrial layout,the mission and direction of strategic adjustment of state-owned economy with different functional positioning types are different,so different impact mechanism analysis should be carried out according to different state-owned economic types.There are two main purposes of this impact mechanism analysis.First,comparative analysis of different types of strategic adjustment of state-owned economic layout on the impact of industrial structure optimization;second,further analysis of different types of strategic adjustment of state-owned economic layout on the impact of industrial structure optimization mechanism.Thirdly,when analyzing the influence mechanism of the strategic adjustment of state-owned economic layout on the optimization of industrial structure from the perspective of regional layout,taking the level of regional marketization and the degree of government economic intervention as the regional institutional foundation,this paper analyzes the mechanism of the strategic adjustment of state-owned economic layout affecting the optimization of industrial structure by influencing the regional institutional foundation.Finally,because serving the national development strategy strengthens the strategic significance of the strategic adjustment of the layout of the state-owned economy,from the perspective of the theory of unbalanced growth,this paper analyzes whether the strategic adjustment of the layout of the state-owned economy can selectively promote the development of industries related to the national development strategy under the background of the national development strategy,and then can significantly affect the optimization of industries structure.In the dimension of regional layout,from the perspective of institutional change theory,this paper analyzes the feasibility of promoting the evolution of institutional change through strategic adjustment of state-owned economic layout under the background of national development strategy,and then has an impact on the optimization of industrial structure,as well as whether the strategic adjustment of state-owned economic layout affects the implementation of national development strategy,and then has an impact on the optimization process of industrial structure.Overall,the strategic adjustment of the industrial layout of the state-owned economy can play a significant role in promoting the optimization of the industrial structure.Through theoretical mechanism analysis and empirical test,the main conclusions are as follows.Whether from the overall impact test,or from the heterogeneity test under different state-owned economic function classification,the strategic adjustment of state-owned economic industrial layout has a significant role in promoting the optimization of industrial structure.Moreover,the intermediary variables such as capital intensity,operating costs,market performance,revenue level,utilization rate of fixed assets and marketization level play a significant role in the impact mechanism of strategic adjustment of industrial layout on the upgrading and rationalization of industrial structure.From the perspective of national development strategy,taking "Made in China 2025" strategy and Supply-Side Structural Reform as an example,the empirical results show that the strategic adjustment of state-owned economic industry layout has a significant role in promoting the optimization of industrial structure,and the,mediating variables of per capita gross output value,resource allocation efficiency,financial financing level and fixed asset utilization rate of strategic related industries plays a significant role in the influence mechanism of the strategic adjustment of the industrial layout of the state-owned economy on the upgrading and rationalization of the industrial structure.In addition,as the supplement and expansion of the previous content,taking the data of listed companies as the micro data basis of state-owned capital,we get the conclusion that the strategic adjustment of state-owned capital industrial layout can promote the optimization of industrial structure,and verify this conclusion in different holding situations.In terms of the impact of strategic adjustment of regional layout of state-owned economy on the optimization of industrial structure,market mechanism can basically play a more positive role in its impact mechanism.However,under the government regulation mechanism,strategic adjustment has a more positive role in the upgrading of industrial structure,while it has a certain inhibitory effect on the rationalization of industrial structure.The specific conclusions are as follows.The strategic adjustment of regional layout of state-owned economy has a significant overall impact on the optimization of industrial structure.In the impact mechanism test based on the institutional foundation,the strategic adjustment of regional layout of state-owned economy promotes the upgrading of industrial structure through the adjustment of the degree of opening to the outside world,but it is not conducive to the rationalization of industrial structure,while the adjustment of government political incentives is not conducive to the upgrading of industrial structure or the rationalization of industrial structure.Through the intermediary effect of marketization level,the strategic adjustment of regional layout of state-owned economy significantly promotes the upgrading and rationalization of industrial structure,while through the intermediary effect of government economic intervention,the strategic adjustment of regional layout of state-owned economy significantly promotes the upgrading of industrial structure,but inhibits the rationalization of industrial structure.The heterogeneity test results of different regions under the background of regional coordinated development strategy show that the strategic adjustment of state-owned economic layout in the eastern region promotes the upgrading of industrial structure,but inhibits the rationalization of industrial structure,while the strategic adjustment of state-owned economic layout in the northeast,central and western regions not only promotes the upgrading of industrial structure,but also promotes the rationalization of industrial structure.Furthermore,in the test of influence mechanism based on heterogeneity analysis,principal component analysis is used to construct comprehensive variables of regional characteristics.The results show that through the intermediary effect of regional characteristics,the strategic adjustment of state-owned economic layout in the eastern and central regions promotes the upgrading and rationalization of industrial structure.For the northeast and western regions,there is no mediating effect through regional characteristic variables.Through the construction of dynamic spatial panel Durbin model,this paper verifies that the strategic adjustment of regional layout of state-owned economy has spatial spillover effect on the upgrading of industrial structure.Taking the data of listed companies as samples,through the DID method and PSM-DID method,it is concluded that the strategic adjustment of regional layout of state-owned capital has a significant role in promoting the optimization of industrial structure.The contribution of this paper is mainly reflected in four aspects.First of all,the previous literature in the study of the strategic adjustment of Chinese state-owned economic layout on the impact of industrial structure optimization,mostly use qualitative analysis method,and rarely use quantitative analysis method.This paper not only overcomes the difficulties of lack of relevant empirical test reference,but also overcomes the difficulties of core variable measurement and data acquisition,tries to quantify the core concepts of strategic adjustment of state-owned economic layout,and uses a variety of empirical research methods and rigorous condition tests to ensure the accuracy of empirical results.Secondly,when the existing literature studies the impact of strategic adjustment of state-owned economic layout on industrial structure optimization,institutional factors are generally regarded as exogenous factors.In the part of related impact mechanism,this paper analyzes and tests the regulatory and intermediary effects of institutional foundation in the impact mechanism of strategic adjustment of China's state-owned economic layout on industrial structure optimization,which enriches the research content of related topics.Thirdly,the previous literature pays less attention to the spatial spillover effect of the strategic adjustment of Chinese state-owned economic layout on the optimization of industrial structure.This paper constructs a dynamic spatial panel Durbin model,carries out relevant spatial econometric analysis,and expands the research horizon of related topics.Finally,the existing literature on whether the strategic adjustment of state-owned economic layout can promote the optimization of industrial structure is rarely discussed,but more on how to promote the optimization of industrial structure through the strategic adjustment of state-owned economic layout.Based on the theoretical analysis and empirical test,this paper constructs the unique research system of "two dimensions and three aspects",that is,two dimensions of industrial layout and regional layout,and three aspects of state-owned assets layout,state-owned fixed assets investment layout and state-owned capital layout.It clarifies that the strategic adjustment of state-owned economic layout can have a significant impact on the optimization of industrial structure Influence,and through the analysis and test of the influence mechanism to explore its causes.