Abstract
As the pillar industry of China’s national economy, the electronic information industry plays an important role in social development and has increasingly become an important indicator of international competitiveness in the informatization age. We constructed a fusion evaluation model of the electronic information industry and financial industry in China, and used coupling theory to measure the integration degree of the two industries. Next, we empirically measure the impact of the industrial integration level on the competitiveness of the electronic information industry. According to the empirical test, we found that (1) the coupling degree ranged from 0.9 to 1 with minimal changes and that a strong coupling relationship existed between the electronic information industry and financial industry; (2) the coupling coordination degree ranged between 0.59 and 0.80, with a coordination level ranging from primary to intermediate coordination; and (3) the degree of industrial integration had a lagging positive impact on industrial competitiveness. Based on these results, we proposed policy recommendations to strengthen industrial integration and promote the international competitiveness of China’s electronic information industry for various aspects such as government services, technology upgrades, industry integration, and effective capital entry.
Highlights
Since the reform and opening up of policy introduction in 1978, China’s economy has engaged in the third scientific and technological revolution, which has grown rapidly to become the world’s second largest economy [1]
Anderson and Toffolo [43] studied the integration of sawmills with pellet plants and combined heat and power (CHP) plants, and found that the two plants could save up to 18% of the sawmill biomass by-products through technology integration, which had a positive impact on improving plant performance
We established a coupled system model including the development of the electronic information industry and financial industry using linear weighting method to calculate the contribution of each subsystem to the order of the total system [54]: n m
Summary
Since the reform and opening up of policy introduction in 1978, China’s economy has engaged in the third scientific and technological revolution, which has grown rapidly to become the world’s second largest economy [1]. In 2017, the added value of China’s financial industry exceeded 6,500 billion CNY, a year-on-year increase of 7.8%; the number of employees was 6.89 million, a year-on-year increase of 3.55%; and the total profit of the financial industry was 2860 billion CNY, a year-on-year increase of 9.01% [12]. It is estimated that the size of China’s big data market will reach 28 billion CNY in 2018, and the compound annual growth rate in the five years is about 27.29% [16]. The remainder of this article is structured as follows: Section 2 provides a literature review, Section 3 outlines the model construction and analysis, Section 4 discusses the influence of industrial integration on the competitiveness of the electronic information industry, and Section 5 includes our conclusions and recommendations
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