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Volume 52 Issue 4
April 2020
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Citation: Hutao YANG. High Quality Economic Activities: Mechanism, Specificity and Policy Choice[J]. Academic Monthly, 2020, 52(4): 35-44. shu

High Quality Economic Activities: Mechanism, Specificity and Policy Choice

  • The core of high-quality development lies in improving economic efficiency and national well-being, realizing the coordinated growth of productivity, real wages and enterprise profits.High-quality economic activities are the key to achieving high-quality development. High-quality economic activities have the characteristics of increasing returns, potential possibilities for productivity improvement and strong industry-driven effect. Through the synergy effect between departments with large space for productivity promotion and other departments, high-quality economic activities produce a large-scale spillover effect, and achieve efficiency improvement and real wage promotion. High-quality economic activities have three kinds specificity, which lies in industry and product, scale and structure, time and space. With the continuous evolution of technology-economy paradigm and the changes of international division of labor, trade system and financial system, the intension and mechanism of high-quality economic activities are also changed. Correspondingly, the selection, cultivation and maintenance of high-quality economic activities also need the support of various institutional arrangements.
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        High Quality Economic Activities: Mechanism, Specificity and Policy Choice

        Abstract: The core of high-quality development lies in improving economic efficiency and national well-being, realizing the coordinated growth of productivity, real wages and enterprise profits.High-quality economic activities are the key to achieving high-quality development. High-quality economic activities have the characteristics of increasing returns, potential possibilities for productivity improvement and strong industry-driven effect. Through the synergy effect between departments with large space for productivity promotion and other departments, high-quality economic activities produce a large-scale spillover effect, and achieve efficiency improvement and real wage promotion. High-quality economic activities have three kinds specificity, which lies in industry and product, scale and structure, time and space. With the continuous evolution of technology-economy paradigm and the changes of international division of labor, trade system and financial system, the intension and mechanism of high-quality economic activities are also changed. Correspondingly, the selection, cultivation and maintenance of high-quality economic activities also need the support of various institutional arrangements.

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