关键词: 行业结构优化, MVE测度原理, 行业特征, 金融发展

Abstract: Structural optimization of the manufacturing industry is an important part of the economy in achieving long-term sustainable development. Based on the MVE principle, this paper constructs and estimates the optimal manufacturing structure in various countries. Based on this, the distance between the existing manufacturing structure and the optimal one in each country is quantified and the factors that affect the structural optimization of the manufacturing industry are meticulously analyzed. It affirms that the national financial development, trade liberalization and institutional environment are important factors that affect the structural optimization of the manufacturing industry. The study on the industrial characteristics finds that the higher the demand for external liquidity is and the more scattered the production is in the industry, the more significantly its structural optimization is affected by the financial development. And the more dependent the industry is on the external trade and the poorer it is with the business environment, the more it is affected by national trade liberalization and the optimization of the institutional environment and the faster the structural adjustment is in that industry. It concludes that the industrial structural adjustment by various countries provides a new idea and direction for promoting stable economic development, improving the allocation of resources among sub-industries, and escalating the performance of the manufacturing industry.

Key words: Industrial Structural Optimization, MVE Measurement Principle, Industrial Characteristics, Financial Development