Abstract:

Optimizing the industrial structure is a crucial pathway to promoting high–quality economic development in the new era. Based on Marx's theory of profit rate dynamics, this paper establishes a theoretical framework that integrates the dynamics of the profit rates with industrial structural change drawing on the method of statistical equilibrium. Based on this the theoretical framework, we utilize the national input-output tables of China (1992-2020) to investigate the distributional characteristics and evolutionary trends of industrial profit rates. The empirical results indicate that the dispersion and positive skewness of profit rates have gradually stabilized over time. With economic development, significant progress has been made in reducing industrial imbalances. Nevertheless, China still grapples with the pressing issue of insufficient structural dynamism to support growth–driven industrial transformation. To promote high–quality development through industrial upgrading, it is essential to adopt a systemic perspective in constructing a high-standard socialist market economy system, foster the integrated development of scientific and industrial innovation to cultivate and promote new quality productive forces, thereby driving the upgrading of the industrial structure.

Key words:

industrial structure, profit rate equalization, statistical equilibrium, uncertainty