Economic Efficiency Measurement Algorithm of Strategic Emerging Industries Based on Multifeature Fusion

Abstract

The steady and healthy development of strategic emerging industries (SEI) can enable the Republic of China to smoothly transform its economic progression mode and realize the upgradation and optimization of its industrial organization. In this way, China can take the initiative in the process of globalization. The strategic emerging industry economy has long argued for the influence of resilient firm dynamic aptitudes on innovative product growth. This study takes strategic emerging industrial economies as an important part and establishes a comprehensive evaluation index system for economic efficiency of SEI in the Republic of China from the perception of interorganizational interactions and entrepreneurial coordination features. We use the Random Forest (RF) algorithm to perform multifeature fusion and establish an economic efficiency measurement algorithm for SET through survey data from several Chinese companies. We find, in addition, that entrepreneurial coordination affects the firms’ inclination and aptitude to exploit relationship profits and by this means significantly strengthening the effects of vertical interactions however weakening the effects of horizontal interactions. When compared with the BP and MLP approaches, the suggested approach has achieved 86.98% accuracy, while the other has 86.02% and 85.75%, respectively.