Does Industry Integration Improve the Competitiveness of China’s Electronic Information Industry?—Evidence from the Integration of the Electronic Information Industry and Financial Industry

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.

Measurement and Prediction: Coupling Coordination of Finance and Air Environment

“…Finance stimulates changes of the air environment in a positive way and has positive impacts on the air environment [6]. For example, financial institutions can provide financial services to the real economy enterprises who can manufacture waste gas treatment facilities so that the air pollution control can be better realized [27]. In addition, finance itself is considered as a green industry [28], which helps to optimize the industrial structure and update economic functions and which is more conducive to the air environment protection [29][30][31].…”

“…Coupling coordination is an effective approach to analyze the mutual correlations of finance and air environment and reflect the whole financeair environment system's evolution tendency to be ordered and harmonious [41]. Currently, there are studies focusing on the coupling coordination of different industry sectors (such as tourism, international trade, and economic industries) with the air environment [6,27,42]; however, there is still a lot of work to discover the coordination interaction mechanism of finance and air environment because their coupling coordination relationship is important in both theory and practice. Besides, currently, the coupling coordination relationship between them lacks suitable coordination theoretical mechanisms and widely accepted indicators to accurately measure.…”

“…According to this mechanism, this study sets up the evaluation index to measure the coupling coordination interactions of the two subsystems. is paper firstly selects indicators for the two subsystems, respectively, based on previous studies [6,20,27,28,[44][45][46][47][48][49][50][51]. Secondly, the paper screens the data with several principles: (1) the data should represent the key components of the subsystems of the finance and the air environment; (2) indicators should be simple and easy to understand in order to reduce multicollinearity; and (3) the data can be continuously obtained [20,49].…”

“…For the finance subsystem [6,27,[44][45][46][47]49], the finance scale aspect measures the actual amount of this industry, represented by the number of employees in the financial industry, total deposits and loans of the year, and the added value of this industry. e second aspect is the finance structure, which represents the performance quality of the industry, including financial correlation rate, insurance depth, financial concentrations, and loan structures.…”

Research on Spatial Correlation Network Structure of Inter-Provincial Electronic Information Manufacturing Industry in China

“…Tao Feng et al analyzed the upgrading mode of OEM (Original Equipment Manufacture) in the electronic information manufacturing industry from the perspective of value chain in order to explain the transformation and upgrading of China's OEM industry [11]. Weiliang Chen et al constructed a fusion evaluation model of China's electronic information industry and financial industry from the perspective of industrial integration, and empirically measured the impact of industrial integration level on the competitiveness of the electronic information industry [12].…”