Author(s)

Ziyue Feng ¹, Qin Liu ¹

Affiliation(s)

¹ School of Economics, Wuhan University of Technology, Wuhan, Hubei, 430070, China

Corresponding Author

Qin Liu

ABSTRACT

The manufacturing industry constitutes the core of the real economy and serves as a fundamental pillar in constructing a modern economic system. The premium development in manufacturing industry is pivotal for attaining high-quality economic growth in the new era. Innovation is the primary driving force for premium development in manufacturing industry which plays a strategic supporting role. The present study constructs an evaluation index system of the innovation chain promoting the premium development in manufacturing industry. It comprehensively employs panel regression, mediating effect, and spatial econometric models to analyse the mechanism and impact of this innovation chain on promoting high-quality development in the manufacturing industry. The findings demonstrate that (1) The innovation chain plays a significant positive role in promoting the premium development in manufacturing industry; (2) The industrial chain plays a crucial role in facilitating the premium development in manufacturing industry, while the innovation chain further enhances this development by driving optimization and upgrading within the industrial chain.

KEYWORDS

High Quality Manufacturing, Innovation Chain, Industry Chain

CITE THIS PAPER

Ziyue Feng, Qin Liu, The Promotion Mechanism of the Innovation Chain for Facilitating Premium Development in Manufacturing Industry. Industrial Engineering and Innovation Management (2024) Vol. 7: 32-38. DOI: http://dx.doi.org/10.23977/ieim.2024.070205.

REFERENCES

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