Industrial Transformation And Upgrading: A Comparative Study On The Supply Factor Productivity Of Jiangsu, Zhejiang And Guangdong Provinces

China’s economy steps into the “new normal” in the “Twelfth Five-Year Plan” period.Economic growth is slackening off,policies and measures to stimulate economic growth in ex-period of time are becoming apparent.Industrial transformation and upgrading,adjustment of industrial structures is still under way.Industry is one of the central elements of the economic studies.Social production and economic life cannot develop without the support of industry development.Industrial transformation and upgrading is the process of industrial development,it can be divided into two parts,industrial transformation and industrial upgrading.Industrial transformation means the way of the extensive development can be changed,and step on to the road of scientific and sustainable development.Industrial upgrading means to change the way of producing from low-end to high-end in value chain,it also means the products is experiencing a high added value by low value-added change to the process.Industrial transformation and upgrading is proved by the relation between input and output,and the relationship can be affected by changing on the quantity,structure and production efficiency of supply factors.That is the improvement of production efficiency.Accordingly,research on industrial transformation and upgrading can start by analyzing the root issue-productivity.In fact,productivity of supply factors such as capital,labor,land,productivity of industrial structure change,total factor productivity including of technical progress and policy institution are all contained in productivity.So it can take productivity increases as the standard for industrial transformation and upgrading,realizing industrial development in the manner of changing supply and boosting productivity.The comparative study is useful to identify the problem in research on industrial transformation and upgrading.As the well-developed province of our country,Jiangsu,Zhejiang and Guangdong are also become a first area of industrial transformation and upgrading.Industries in different provinces have their own defects.Comparative analysis of Jiangsu,Zhejiang and Guangdong provinces help probe into the main sticking point on industrial development,help to find out the better way of the economic transition,help Jiangsu Zhejiang and Guangdong play a better exemplary role in industrial transformation and upgrading.The paper following the pace of reform trend,balanced the productivity of supply factors in different provinces by constructing a multivariate regression model.The writing purpose of identifying the crux of the matter and propose solution to the way of industrial transformation and upgrading in different area.