Study On The Relationship Between Strategic Emerging Industries And Economic Growth Of Shangdong Province

After the Financial Crisis and the “European debt” Crisis, the economy and the financial situation of the world has undergone a profound change. The world has entered the Fourth Industrial revolution(hereinafter referred to as "Industrial 4.0"), which is dominated by Intelligent manufacturing, The World have adjusted the development strategy, They try to cultivate new industries to seize the commanding heights of the development of economy and technology in the future. At the same time, The economy of China has entered a period of strategic transformation, Under the new situation, the government put forward the strategic vision of "The Belt and Road", the development of "Big Data Economy" and the concept of "Internet Plus" has won support among the people, The emerging industry ushered in a hitherto unknown development opportunity. The vigorous development of strategic emerging industries has become a major strategic choice that changing the economic development mode of our country, All regions of our country are developing strategic emerging industries actively, Meanwhile, the study on the mechanism and path between the strategic emerging industries and economic growth has an important theoretical and practical significance, which is to accelerate the development of strategic emerging industries and to promote national and regional economic growth. This paper will be combined with the actual situation to study this prolem, which takes the strategic emerging industries of Quoted Corporations in Shandong Province for example.This paper is based on a summary of large number of scholars at home and abroad literature theoretical research results and take the data of strategic emerging industries of Quoted Corporations in Shandong Province for example, Establish the index systemto in order to make an empirical analysis of the Total Factor Productivity of strategic emerging industries and traditional industries of Shandong Province and the driving mechanism between the strategic emerging industries and economic growth. Firstly, This paper introduces the development situation of strategic emerging industries of Shandong Province and summarizes the problems in the process of its development. Then use the Non Parametric Productivity Index Model based on DEA-Malmquist to compare and analyze the Total Factor Productivity of strategic emerging industries and traditional industries of Shandong Province and find out the problems. And then according to the analysis of the driving mechanism between the strategic emerging industries and economic growth of Shandong Province, The paper puts forward the theoretical hypotheses of path analysis, And then verify hypotheses which is based on the Correlation Analysis and the Path Analysis of Structural Equation Model and calculate the path coefficients. Finally, according to the empirical analysis, this paper puts forward some relevant policy recommendations to promote the development of strategic emerging industries in Shandong Province.