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Factors and Paths of Transformation and Upgradation of Chemical Industry in Shandong, China

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  • Huijian Han

    (School of Computer Science and Technology, Shandong University of Finance and Economics, Jinan 250014, China
    Shandong China-US Digital Media International Cooperation Research Center, Jinan 250014, China)

  • Ye Yang

    (Shandong China-US Digital Media International Cooperation Research Center, Jinan 250014, China
    School of Management Science and Engineering, Shandong University of Finance and Economics, Jinan 250014, China)

  • Rui Zhang

    (School of Computer Science and Technology, Shandong University of Finance and Economics, Jinan 250014, China
    Shandong Research Center of Financial Information Engineering Technology, Jinan 250014, China)

  • Brekhna Brekhna

    (School of Computer Science and Technology, Shandong University of Finance and Economics, Jinan 250014, China
    Shandong China-US Digital Media International Cooperation Research Center, Jinan 250014, China)

Abstract

In the context of the Internet, there is a historical fusion between the new round of scientific and technological revolution and industrial transformation and the accelerated transformation of economic development methods. The task of the Shandong chemical industry’s transformation and upgradation is arduous and urgent. In this context, this article studies the influencing factors and development paths of the transformation and upgradation of the Shandong chemical industry. It provides theoretical guidance for high-quality and sustainable development of the Shandong chemical industry. First, this paper uses the fuzzy cognitive map tool to learn the historical laws of the transformation and upgradation of the Shandong chemical industry. It then determines the path of chemical industry transformation and upgradation, according to the interactions and weights between the learned indicators. By adjusting the influence coefficient between the indicators on each path, the degree of change in the influence of the indicator on the target value is analyzed. The critical path and the key indicators on the path according to the degree of impact are determined. Finally, the key path selected in this article is: return on investment (C8) → unit production value environmental consumption (C9) → number of R&D personnel (C4) → R&D expenditure internal expenditure (C6) → industrial output (C1) → energy consumption coefficient (C3). The key indicator on this path is R&D expenditure internal expenditure. According to the results, the development suggestion for the transformation and upgradation of the chemical industry in Shandong is to take the path of green development through technological innovation.

Suggested Citation

  • Huijian Han & Ye Yang & Rui Zhang & Brekhna Brekhna, 2020. "Factors and Paths of Transformation and Upgradation of Chemical Industry in Shandong, China," Sustainability, MDPI, vol. 12(8), pages 1-20, April.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:8:p:3443-:d:349342
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    References listed on IDEAS

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    Cited by:

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    2. Ying Sun & Jianzhong Xu, 2021. "Evaluation Model and Empirical Research on the Green Innovation Capability of Manufacturing Enterprises from the Perspective of Ecological Niche," Sustainability, MDPI, vol. 13(21), pages 1-21, October.

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