中国劳动者报酬对国际收支顺差的影响：一个理论分析框架

在中国经济高速增长的同时，国际收支呈现出持续的“双顺差”现象。一方面，大规模低成本的劳动力供给促使了资源寻求型的外商直接投资，引致了中国资本帐户的盈余；另一方面，低成本的劳动力供给与剩余劳动力的城乡转移也为中国现代工业部门的规模扩张提供了动力，提高了本土企业产出和产品出口能力，并进一步导致经常项目收支顺差的递增趋势。另外，中国劳动者报酬偏低导致了国内需严重不足，进而引起国际收支顺差。提高劳动者的报酬无疑是改善国际收支失衡，促进国民经济的良性循环的重要途径之一。

The Effect of Labor Remuneration on Balance of Payments Surplus in China:A Theoretical Framework

With rapid economic growth,China presents sustained 'dual surplus' in balance of payments.On the one hand,large-scale low-cost labor supply boosts resources-seeking foreign direct investment,resulting in capital account surplus;on the other,low-cost labor supply and the rural-urban transfer of surplus labor offer a driving force for the expansion of modern industrial sector,enhancing the production and export capacity of local companies and further strengthening the upward trend in current account surplus.I...