Structure Changes,Efficiency Changes and Development of New Quality Productive Forces
In September 2023,Xi Jinping,General Secretary of the Communist Party of China(CPC)Central Commit-tee,proposed the concept of"new quality productive forces"at the symposium on promoting the full revitalization of northeast China in the new era.Afterward,a series of important discussions were made around the definition and strate-gies for cultivating new quality productive forces.General Secretary Xi Jinping summarized the new quality productive forces as follows:With innovation playing the leading role,new quality productive forces mean advanced productivity that is freed from traditional economic growth mode and productivity development paths,features high-tech,high effi-ciency and high quality,and comes in line with the new development philosophy.New quality productive forces are driven by revolutionary technological breakthroughs,innovative allocation of production factors,and deep industrial transformation and upgrading,taking the improvement of workers,means of labor,subjects of labor and their optimal combinations as its basic connotation,and a substantial increase in total factor productivity as its core hallmark.Productive forces are the ability of humans to transform and conquer nature.The new quality productive forces in-volve the improvement of workers,means of labor,subjects of labor and their optimal combinations,which will inevita-bly lead to a significant increase in total factor productivity.This is precisely why the new quality productive forces are characterized by a substantial increase in total factor productivity.The current era is undergoing a new round of techno-logical revolution and industrial transformation,akin to the First and Second Industrial Revolutions which marked signifi-cant leaps in human productivity.Technological innovation drives industrial innovation and the new quality productive forces with the improvement of workers,means of labor,subjects of labor and their optimal combinations as its basic con-notation are also showing its enormous vitality.This means that the logical framework of the development of new quality productive forces is that a new round of technological revolution drives industrial innovation and structural changes,upgrades economic structure,and ultimately manifests as a significant increase in total factor productivity.That is to say,there exists a logical framework of the devel-opment of productive forces,that is,"technological innovation-structural changes-efficiency changes."It is precisely be-cause of the existence of this logical framework that technological innovation leads the construction of a modern indus-trial system,which has become the basic path for developing new quality productive forces.New quality productive forces are driven by revolutionary technological breakthroughs,innovative allocation of production factors,and deep in-dustrial transformation and upgrading.Of course,the development of productive forces also necessitates corresponding adjustments in relations of production.This means that the establishment of the logical framework of the development of productive forces also requires corresponding institutional foundations to promote economic structure upgrading and a significant leap in productivity level through institutional and technological innovation.Based on the logical framework of the development of productive forces,this article analyzes the logic of industrial structure transformation in the formation of new quality productive forces.Through the calculation and international com-parison of China's total factor productivity,it discusses the significance of developing new quality productive forces from the perspective of economic growth momentum transformation.Finally,the direction of developing new quality pro-ductive forces is proposed from the perspective of establishing relations of production that are compatible with new qual-ity productive forces.General Secretary Xi Jinping pointed out that new quality productive forces take a substantial in-crease in total factor productivity as its core hallmark.Although a large amount of research has been conducted on total factor productivity in the economic community,there is currently almost no literature studying new quality productive forces from the perspective of total factor productivity.The attempt of this article is somewhat innovative.
New Quality Productive ForcesTotal Factor ProductivityIndustrial StructureNew Relations of Production
中国社会科学院经济研究所课题组
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Institute of Economics,Chinese Academy of Social Sciences
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