Government Subsidies,Industrial Isomorphism And Overcapacity Of Strategic Emerging Industries

In the context of the supply side reform,government subsidies have an important impact on the structural adjustment of strategic emerging industries and overcapacity management.Since the development of emerging industries,the State Council proposed a variety of stimulus plans and industrial policies to encourage the development of emerging industries.Under the guidance of the central government's policy support,most of our provinces(cities and districts)are also actively subsidizing new industries in the region.This initiative not only strengthens the competitiveness of new industries,but also plays a crucial role in the development of the whole emerging industry,and also contributes significantly to economic development and welfare level.However,with the advance of the policy,local governments are expected to lead in the regional economic competition who choose the development strategy of government subsidies for the development of new industries.What's more,when choosing strategic emerging industries that are developing strategically,all of them prefer industries with mature technology and short term effect.They also prefer low-end entry to specific industry chain selection,so the risk of industrial isomorphism is enhanced,if the same phenomenon of industrial structure is kept unchecked.By analyzing and measuring the status of government subsidies,industrial structure similarity and overcapacity of strategic emerging industries,this paper introduces the perspective of "synthetic fallacy".Then,based on the thought of "synthetic fallacy",the theoretical mechanism of this article is combed.At the same time,it is using non cooperative game model to explore the mechanism of "fallacy of synthesis" affecting the overcapacity of emerging industries.Through the relevant data collected by manual operation that 20 provinces' strategic emerging industries of 2007-2015 years,the article combines two logical lines that the "supply side" and "demand side" with core variables that government subsidies and industry isomorphism and carries out empirical research from two aspects that“excess supply” and the lack of demand respectively and the results show typical characteristics of synthetic fallacy.Therefore,relying on the regional resource endowments and industrial foundation,supplemented by more precise government subsidies to achieve rational allocation of elements and optimization of industrial structure,is of great significance for resolving regional overcapacity and cracking the fallacy of synthetic fallacy.