Analysis of the Mechanism and Countermeasures of the Impact of Service oriented Manufacturing on Total Factor Productivity
Exploring how to seek improvement in total factor productivity through service-oriented manufacturing investment is of great significance for promoting high-quality development.The service-oriented investment in manufacturing will improve total factor productivity and enhance economic growth momentum through innovation driven effects,cost reduction effects,and alleviate the"cost disease"of the service industry.At present,there is regional imbalance in the service-oriented input of China's manufacturing indus-try,and the impact of service-oriented input on total factor productivity is in an inverted"U"shape.The input of productive and con-sumable service factors is conducive to the improvement of total factor productivity.But it also faces practical problems such as the crowding out effect of R&D resources,regional differences,and factor structure difficulties in the improvement of total factor productivi-ty due to the service-oriented investment in the manufacturing industry.To achieve this,it is necessary to reduce the cost of service-oriented investment in the manufacturing industry,promote regional development,optimize the structure of input factors,thereby un-leashing the potential for service-oriented development in the manufacturing industry and enhancing economic growth momentum.
万方数据
维普
