Study On The Mechanism And Path Of Strategic Emerging Industries Promoting Economic Growth

With the development of economic globalization and influence of financial crisis, it has become an important strategic choice of forming new economic development pattern and maintaining sustainable economic growth to cultivate strategic emerging industries. It has great theoretic and practical significance for developing strategic emerging industries and accelerating economic growth to study the mechanism and path that they promote the economic growth.The author analyzes the mechanism and path that strategic emerging industries promote economic growth and makes empirical test with structural equation model based on lots of investigation and data processing. The paper consists of five chapters. Chapter1introduces background and significance of the research topic, and reviews the related research on this subject done by scholars home and abroad. Chapter2analyzes the mechanism that strategic emerging industries promote economic growth by describing their characteristics and economics theory such as innovation theory, relevance theory and leading industries theory. Chapter3theoretically analyzes the specific paths according to characteristics of the strategic emerging industries and its mechanism of promoting economic growth. Chapter4studies these paths from empirical angel with structural equation model. The final chapter makes conclusions and put forward some policy suggestions.The main contribution of this paper includes three aspects. Firstly, it uses innovation theory, relevance theory and leading industry theory to reveal the mechanism of strategic emerging industries promoting economic growth, according to its high innovation high growth and high relevance. Secondly, it takes development experience at home and abroad of strategic emerging industries for reference to build three paths such as technological progress, industrial structure upgrade and international trade structure optimization. Thirdly, it uses the structural equation model and AMOS software to calculate each path coefficient. Strategic emerging industries not only affect economic growth directly through industry growth, but also affect economic growth indirectly through technological progress path and industrial structure upgrade path, and the coefficient is0.136and0.346respectively. Although Strategic emerging industries don’t have a direct effect on economic growth through industry innovation ability, they have an indirect effect through technological progress and industrial structure upgrade, of which efficient is up to0.658. Technological progress and industrial structure upgrade are two basic paths that strategic emerging industries accelerate economic growth and their path efficient is0.868and0.138respectively.