| Firm-Level TFP Growth in the Chinese Automobile Industry |
| |
| 作者姓名： | Xiaoheng Zhang Xu Tian |
| |
| 作者单位： | College of Economics and Management;College of Economics and Management |
| |
| 基金项目： | This work is supported by the Fundamental Research Funds for the Central Universities(Program No.2662018QD008);a project funded by the Priority Academic Program Development(PAPD)of Jiangsu Higher Education Institutions.All errors are ours。 |
| |
| 摘 要： | China has been the world’s largest automobile producer since 2009,but it still lags behind other countries in terms of productivity. Based on theNational Bureau of Statistics of China (NBSC) firm-level data and the improvedapproach proposed by Ackerberg et al. (2015), this paper investigates thecontribution of total factor productivity (TFP) growth to the Chinese automobileindustry and evaluates the impact of firm entry and exit on TFP growth. Theempirical results show that the TFP of the Chinese automobile industry grows at10.7% per year. Joint venture and foreign-owned firms have a significantly higherTFP growth rate than others. Large-scale firms have a higher TFP growth rate thando small-scale firms, but the latter have caught up after 2004. Moreover, the entryof new firms and exit of old firms significantly improve the aggregate TFP growthrate.
|
| 关 键 词： | automobile industry total factor productivity(TFP)growth rate FIRM ENTRY and EXIT ACF model OWNERSHIP structure China National BUREAU of Statistics of China(NBSC)database FIRM size |
Firm-Level TFP Growth in the Chinese Automobile Industry |
| |
| Xiaoheng Zhang,Xu Tian.Firm-Level TFP Growth in the Chinese Automobile Industry[J].Frontiers of Economics in China,2020,15(1):103-123. |
| |
| Authors: | Xiaoheng Zhang Xu Tian |
| |
| Institution: | 1. College of Economics and Management, Huazhong Agricultural University, Wuhan 430070, China2. College of Economics and Management, Nanjing Agricultural University, Nanjing 210095, China |
| |
| Abstract: | China has been the world's largest automobile producer since 2009, but it still lags behind other countries in terms of productivity. Based on the National Bureau of Statistics of China (NBSC) firm-level data and the improved approach proposed by Ackerberg et al. (2015), this paper investigates the contribution of total factor productivity (TFP) growth to the Chinese automobile industry and evaluates the impact of firm entry and exit on TFP growth. The empirical results show that the TFP of the Chinese automobile industry grows at 10.7% per year. Joint venture and foreign-owned firms have a significantly higher TFP growth rate than others. Large-scale firms have a higher TFP growth rate than do small-scale firms, but the latter have caught up after 2004. Moreover, the entry of new firms and exit of old firms significantly improve the aggregate TFP growth rate. |
| |
| Keywords: | automobile industry total factor productivity (TFP) growth rate firm entry and exit ACF model ownership structure China National Bureau of Statistics of China (NBSC) database firm size |
| 本文献已被 维普 等数据库收录！ |
| 点击此处可从《Frontiers of Economics in China》浏览原始摘要信息 |
| 点击此处可从《Frontiers of Economics in China》下载免费的PDF全文 |
