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Academic Journal of Business & Management, 2023, 5(15); doi: 10.25236/AJBM.2023.051520.

Study on the Impact of Industrial Structure Change on Total Factor Productivity in Henan Province

Author(s)

Jiangui Chen, Hongqiao Xiang

Corresponding Author:
Hongqiao Xiang
Affiliation(s)

College of Business Administration, Henan Polytechnic University, Jiaozuo, China

Abstract

The impact of industrial structure change on total factor productivity is explored by using a fixed-effects model, which measures the spatial variation of industrial structure change in Henan Province from 2001 to 2020, combined with the Theil index. The study finds that the spatial differences in industrial structure change in Henan Province are more obvious, and the spatial differences in industrial structure rationalisation increase more than industrial structure advancement; by testing the province's sub-regions, it is found that industrial structure rationalisation and industrial structure advancement in the Central Plains City Cluster show a positive effect on total factor productivity; the economic zones in North Henan Province and West and Southwest Henan Province show a positive effect on total factor productivity in The rationalization of the industrial structure in the North Henan Economic Zone, West Henan and Southwest Henan Economic Zone has a positive effect on total factor productivity. The examination by periods shows that the impact of industrial structure rationalisation on total factor productivity is stronger than that of industrial structure upgrading and becomes the main influencing factor for total factor productivity improvement.

Keywords

Total factor productivity; Advanced industrial structure; Rationalization of industrial structure; Industry Structure

Cite This Paper

Jiangui Chen, Hongqiao Xiang. Study on the Impact of Industrial Structure Change on Total Factor Productivity in Henan Province. Academic Journal of Business & Management (2023) Vol. 5, Issue 15: 125-135. https://doi.org/10.25236/AJBM.2023.051520.

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