A Study On The Relationship Between Strategic Emerging Industries And The Shift Of The Mode Of Economic Development

Strategic emerging industries is an important force to guide the future economic and social development, and development of strategic emerging industries has become a major strategic choice to seize the development commanding heights of a new round of economic and technological for the major countries of the world. China is in a critical period of socialist modernization, fostering and developing strategic emerging industries has a important strategic significance for China’s modernization. At present, China has entered a phase of accelerated economic development, and the traditional mode of economic development has been difficult to sustain, only transformation of economic development can ensure China’s economic developed in a “good and fast “way. In the process of social and economic development, whether it can achieve mutual benefit of both, is a subject worthy of serious study. As a starting point, this paper systematically studied the relationship between strategic emerging industries and the shift of the mode of economic development. On the basis of previous studies, firstly, the paper summarizes the current development of strategic emerging industries and the necessity of change in the pattern of economic development, and then analyzes the interaction mechanism between the development of strategic emerging industries and change in the mode of economic development in the theory, and finally proposes some relevant policy recommendations after an empirical analysis between the two.In the empirical part, firstly, the paper attributed the indicators of measuring the change in the mode of economic development to three factors by the use of factor analysis, then combined with the development of strategic emerging industries to establish a vector auto-regression model(VAR). Firstly, this article uses the impulse response function and variance decomposition method to verify the dynamic effects between strategic emerging industries and the shift of the mode on economic development, after then uses the gray correlation method to compare and analyze the effect of various strategic emerging industries in promoting change in the mode of economic development.Studies have shown that there is a causal relationship between the development of strategic emerging industries and the shift of the mode of economic development, and the impact between the two exhibits a long-term and sustainability trend. Development of strategic emerging industries will promote the shift of China’s economic growth as well as the optimization and upgrading of industrial structure, and the shift of economic development will promote the development of strategic emerging industries. High-end equipment manufacturing, represented in aerospace and aircraft manufacturing, has a largest effect on promoting the shift of the mode of economic development, followed by the bio-industry, which represented in pharmaceutical and medical device manufacturing. Finally, the paper is conducted a systematic summary, and considered that we can take some measures to promote the development of strategic emerging industries, for example, increasing R&D investment, improving personnel training and incentive system, expanding consumer demand for related products, improving the environment for industrial development and so on, which combined with empirical research results and the actual situation in China, thus promoting the shift of the mode of economic development.