Abstract
The high-quality development of the manufacturing industry is an important strategic task for Chinese economic development. The rapid development of the manufacturing industry is also accompanied by problems such as overcapacity and environmental pollution. This paper analyzes the impact of capacity utilization on the high-quality development of manufacturing and establishes a nonlinear threshold regression model on this basis, and studies and analyzes environmental regulations as a threshold variable under the influence of capacity utilization rate on the high-quality development of the manufacturing industry. The research results show that: capacity utilization, profitability, foreign direct investment, and government participation all have a significant positive impact on the high-quality development of the manufacturing industry; environmental regulations have a significant negative impact on the high-quality development of the manufacturing industry. And in the model of the effect of capacity utilization on the high-quality development of the manufacturing industry, environmental regulation has a single threshold effect. With the increase in the intensity of environmental regulation, the coefficient and significance of the effect of capacity utilization on the high-quality development of the manufacturing industry have changed. Finally, this article puts forward corresponding policies and suggestions based on the results of data analysis.
Highlights
The high-quality development of the manufacturing industry is an important strategic task for Chinese economic development
In terms of the inspection of capacity utilization and the judgment of overcapacity, according to the analysis results published by the International Monetary Fund (IMF2012), China’s overall capacity utilization rate dropped from around 85% at the turn of the century to 60% at 2011
The main goal of environmental issues is to make environmental sustainability the highest priority and to ensure that environmental issues are incorporated into their strategic considerations[3], the manufacturing industry is the main body of energy consumption and pollution emissions
Summary
The high-quality development of the manufacturing industry is an important strategic task for Chinese economic development. Hypothesis H2 Under the condition that other conditions remain unchanged, In the role model of capacity utilization on the high-quality development of the manufacturing industry, environmental regulation has a threshold effect.
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