Exploring the Impact of Influencing Factors on High-Quality Development in the Manufacturing Industry: A Comprehensive Analysis using Citespace Visualization and WSR-DEMATEL

Abstract

High-quality development of the manufacturing industry is a key path to meet the growing needs of the people for a better life and boost China's economy under the double-cycle development pattern. The study focuses on the influencing factors of the high-quality development level of the manufacturing industry. Firstly, the study utilizes the Citespace visualization analysis tool to outline the research hotspots and development trends in this field, comprehensively understanding the interrelationships among influencing factors and their evolving tendencies. This provides valuable information resources for constructing the final indicator system of influencing factors; Secondly, the study constructed an index system of influencing factors based on the WSR (wuli-shili-renli) system methodology, and at the same time, it used the decision-making experiment and experimentation method (DEMATEL) to explore the interrelationships among the 11 influences and to calculate their centrality and causality; Finally, this study portrayed and comparatively analyzed the degree of importance of each influencing factor, and identifies the key influencing factors. The result shows that: Executive team heterogeneity, human capital structure, government subsidy, digital economy, business environment, and green technology innovation are the key influencing factors for the high-quality development of the manufacturing industry. The study can provide theoretical significance and practical enlightenment for the manufacturing industry to enhance its development level to realize high-quality development.