Study On The Transforming And Upgrading Path Of Industrial Structure Promoted By Private Capital

Since reform and opening up, the market economy of our country is continuously deepening and developing, the degree of economic liberalization is improving and a variety of economic sectors have been developed to varying degrees during this period. Among them, as a useful supplement to the socialist public economy, the private capital has experienced huge change from nonexistence to existence, from weak to strong. The private capital plays an increasingly important role in investment. The fast growing speed, as well as the larger scale in the total investment makes it the main force for the investment of fixed assets. It stimulates the rapid growth of GDP and makes an increasingly significant contribution to China’s economic development. It would be beneficial to the long-term healthy development of our country both in theory and in practice when the tremendous power of folk capital is activated and the great vitality is lighted up.A country(or region) will be faced with the problem of industrial transformation and upgrading at a certain stage. Industrial transformation and upgrading means the changes from low value-added industries into high value-added industries, from high energy consumption and high pollution into low energy consumption and low pollution, from extensive economy into intensive economy. The practice of stable economic development of different countries proves that the optimization and upgrading of industrial structure has become a crucial factor to promote the development of modern economy. This is not just the needs of industries or enterprises themselves, but also the needs of the increasingly fierce international competition. The keys to the sound, rapid and scientific development of our country’s social economy are establishing and improving the industrial structure, promoting the optimization of industries themselves and the upgrading of intra-industrial structure, enhancing the coordination of intra-industrial development.Based on Pearl River Delta, this dissertation uses Eviews6.0 to set up panel data model and tests data. Besides, this dissertation makes an empirical analysis of the coefficient of the function of private capital to industry structure transformation and upgrading and provides suggestions on the basis of empirical results.This dissertation is divided into five parts. The first part is an introduction,which mainly discusses the background and significance of this topic, then a general review of domestic and foreign related researches, and finally a simple summary of the content, idea and method of this dissertation. The second part mainly displays theories, which states theories related to folk capital investment and industry transformation and upgrading and analyzes the mechanism of them.The third part is the analysis of present situation of Pearl River Delta, which describes its development and present situation of folk capital investment and industrial structure and points out the existing problems. The fourth part is the empirical analysis, which makes an empirical analysis of the effect that private capital takes on promoting industrial structure transformation and upgrading by using the panel data model. The fifth part is related to the research conclusion,route choice and policy suggestion.