Abstract :

The modernization of the economic system stands as a crucial strategic initiative within the comprehensive construction of a socialist modernized nation. This paper establishes a comprehensive evaluation index system for economic system modernization. Utilizing the entropy-weighted-TOPSIS method, the economic system modernization levels for the years 2012-2021 are computed, taking the province of Zhejiang as a case study. Additionally, an efficiency input-output index system for economic system modernization is constructed. Employing the super-efficiency DEA-Malmquist model, the super-efficiency values and the dynamic changes in efficiency for various municipalities within Zhejiang Province are ascertained. The study reveals that the developmental level of Zhejiang Province’s economic system modernization has exhibited a consistent annual advancement. While the overall modernization efficiency values of each municipality have risen, regional disparities persist. Notably, technological progress efficiency emerges as the principal determinant influencing the fluctuations in total factor productivity. Consequently, the process of advancing economic system modernization warrants an emphasis on high-tech industries and educational investments, the enhancement of fundamental circulation infrastructure, a dedicated focus on technological progress, and the strengthening of interregional linkages.

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Keywords :

Comprehensive evaluation, Entropy-weighted-TOPSIS, Modernized economic system, Super-efficiency DEA-Malmquist.

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