Research On The Impact Of Private Equity Investment On The Upgrading Of Industrial Structure

With the continuous development of China's economy,China's economy has shifted from high-speed growth to high-quality growth,and is in a critical period of economic transformation.An important supporting point of economic transformation is the transformation and upgrading of industrial structure.The proportion of industrial output value in the national economy is only 7.1%,the proportion of secondary industry output value in the national economy is 39.0%,and the proportion of tertiary industry output value in the national economy is 53.9%.Compared with the industrial structure of developed countries in the world,China The industrial structure is still unreasonable,which seriously hinders the competitiveness of China's economy in the world.Upgrading the industrial structure is an inevitable trend of China's current economic development.Private equity investment,as a new type of financial instrument,has grown stronger in my country.It has become the third largest financing method in my country except bank credit and securities stocks.It has become increasingly obvious for my country's economy.More and more companies,industries,and industries are more interested in private equity investment,and use it to drive their own development.Private equity investment is constantly driving economic development.Based on the current situation of my country's industrial structure and private equity investment,this article uses a combination of theoretical analysis and quantitative qualitative research to investigate the impact of private equity investment on the upgrading of industrial structure.The first part elaborates the background and significance of this article,the research ideas,and the innovations of the thesis.It sorts out the relevant literature from the aspects of industrial structure upgrade and the impact of private equity investment on the industrial structure;the second part,the private equity investment To define the relevant concepts of industrial structure upgrade and introduce the theory of private equity investment development and industrial structure upgrade;the third part,from the rationalization and advanced industrial structure,analyzes the impact mechanism of private equity investment on industrial structure upgrade;The fourth part describes the current status of China's private equity investment,industrial structure and private equity investment in thethree industries;the fifth part,through the construction of industrial structure rationalization index and advanced coefficient of industrial structure,the four Panel data from 2000 to 2018 in each province as an example,using a fixed-effect model to analyze the relationship between private equity investment and industrial structure upgrade;in addition,highlighting the industrial structure advanced coefficient as the dependent variable,taking the four provinces and the national average The level of private equity investment is an independent variable.The least square method is used to study the effect of private equity investment on the advanced coefficient of industrial structure to explore the characteristics of private equity investment on the industrial structure in time and space.According to the research results of this article,private equity investment has an inhibitory effect on the rationalization index of industrial structure,and has an improving effect on the advanced coefficient of industrial structure,indicating that private equity investment is conducive to industrial structure upgrade;the impact of private equity investment on industrial structure has a certain lag Private equity investment has an impact on the industrial structure upgrade in developed regions,but the impact on the industrial structure is not obvious in regions where private equity development is lagging.Then put forward relevant suggestions.Mainly include:further development of private equity investment and promotion of industrial structure upgrade;improvement of private equity investment operation efficiency;promotion of balanced development of private equity investment in various regions;promotion of rational investment of private equity investment in the three industries.