An Empirical Study on the Transformation and Upgrading of Fujian's Manufacturing Industry Driven by Multiple Factors
The manufacturing industry is the cornerstone of Fujian's economic development and the foundation of regional competitiveness.Private enterprises have become the main force in the transformation and upgrading of Fujian's manufacturing industry.Internet technology has injected strong support into the transformation and upgrading of traditional manufacturing industry.The article is based on panel data from Fujian Province from 2000 to 2020,and uses the VAR model to empirically demonstrate the effects of multiple factors on the transformation and upgrading of the manufacturing industry.The research shows that the total investment in scientific research and experimental development is insufficient,and basic research is not paid enough attention to,leading to no direct effect of technology on the upgrading of the manufacturing industry.Effective use of Internet technology,training high-quality technical and skilled personnel,and accelerating the flow of private capital can effectively promote the high-quality development of the manufacturing industry.
Internet elementsmanufacturingtransformationempirical analysis