Research On The Effect Of Knowledge Capital On Manufacturing Structure Upgrading

At this stage,changing the mode of economic development,and promoting industrial upgrading are important parts of Chinese economical"new normal".Manufacturing is the lifeblood of the national economy,at present,China’s manufacturing industry is large but not strong,mainly for the lack of product innovation and weakness of after-sales service.China’s manufacturing is in "producing-processing-assembling" segment which is of low value-added.Therefore,in order to speed up the upgrading of the manufacturing value chain,and make China a powerful manufacturing country from a big one,the manufacturing structural upgrading is imminent.This paper uses TFP to quantitatively study the degree of structural upgrading of the manufacturing sector,reflecting the level of upgrading of the manufacturing structure.In addition,this paper uses the panel data of large and medium-sized manufacturing enterprises in China from 2003 to 2014 to study the upgrading of industrial structure of knowledge capital in manufacturing and different factor-intensive industries.The results show that the average annual growth rate of the overall industrial structure of the manufacturing industry is 5.6%,while that of the technology,labor and capital intensive industries is 7.94%,5.5%and 4.38%respectively.From the model results,technological development,technological transformation,domestic technology introduction and human capital have obvious promotion effect on the upgrading of manufacturing industry.Among them,technology development has the most obvious promotion effect,while foreign technology introduction has played a negative role in industrial upgrading.Based on the analysis of knowledge capital effect on the upgrading of different industry structure,we can conclude that the upgrading of industrial structure of technology-intensive industry mainly relys on technology development and human capital.The power source of capital-intensive industrial structure upgrading is technology development and digestion and absorption;the main factor that promotes upgrading of labor-incentive industrial structure is technological transformation.According to the conclusion,this paper puts forward some advice.The manufacturing industry should take technology-intensive industries as the starting point,and accelerate the structural upgrading step by step.At present,China’s medium and high-end manufacturing industry has embarked on a road of independent innovation,Manufacturing industry should vigorously strengthen the innovation input,improve innovation capacity,promote the upgrading of manufacturing structure;labor-intensive industries should still rely on technological transformation,strengthen technology development capacity,and gradually raise the level of independent innovation,and promote labor-intensive industrial structure upgrade.