Research on Industrial Economic Transformation and Development Strategies under the Market Economic System
With the rapid development of science and technology and the increasingly fierce market competition,promoting industrial transformation and upgrading has become an important direction for China's economic development.To explore the importance of financial development in market economy to promote industrial transformation and upgrading,in-depth analysis from the aspects of policy support,technological innovation and talent cultivation,using principal component analysis and entropy value method to evaluate the effect of industrial economic transformation index system establishment.The research results show that the statistic is 69.2874 5 when the cointegration relationship is 0*,which is greater than the critical value under the 5%significant level;the cointegration calibration of industrial economic transformation and upgrading is carried out,and the statistic is 70.21546 when the cointegration relationship is 0*,and the statistic is 34.341 28 for up to one*,and the statistic is 12.759 88 in the case of up to two*s,at which time the critical value under the 5%significant level is 3%,and the critical value is 3%.The critical value at 5%significant level is 3.507 32 which is less than the critical value at 5%significant level.It can be seen that the methodology proposed by the study is able to analyze the effect of the transformation of the industrial economy in the province in a good way and can provide a reference for the development of the transformation of the industrial economy.