中国地区工业生产绩效:结构差异、制度冲击及动态表现 |
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摘 要: |
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The performance of industrial productivity across regions of China: Structural differences, institutional shocks and dynamic characteristics |
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Authors: | Zheng Wang Jinghai Zheng Jinchuan Shi |
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Institution: | 1. College of Economics, Zhejiang University, Hangzhou, 310027, China 2. Department of Economics, G?teborg University, SE 405 30, G?teborg, Sweden 3. Center for Research of Private Economy, Zhejiang University, Hangzhou, 310027, China
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Abstract: | This paper is dedicated to probing into the dynamic performances of industrial productivity across regions of transitional
China, using the panel data of provincial level. Based on the approach by Kumbhakar (2000), TFP (total factor productivity)
growth is decomposed into four components. The main results are as follows. First, since 1988, the industrial TFP growth has
been commonly accelerated across regions, with a rising technical change rate as the principal impetus. Second, meanwhile,
technical efficiency and factors’ allocative efficiency are deteriorated with scale efficiency switching from being retrogressive
to being progressive. Third, although the SOE (state-owned enterprise) reform in the late 1990s has constituted a common shock
to the industrial productivity, the eastern area with relatively few SOEs suffers the least from this policy enforcement.
Fourth, by exploring the sources of productivity differences, we further confirm that the institutional shock launched by
SOE reform in the late 1990s is crucial for the enhancement of scale effects as well as the temporarily rapid decline of factors’
allocative efficiency; in addition, the educational level of the labor-force and the share of non-SOEs in the industrial output
contribute positively to the acceleration of technical change and the improvement of allocative efficiency. The economic transition,
accompanied by gradual institutional reforms, is reshaping the map of regional industrialization through various channels.
Translated from Jingji Yanjiu 经济研究 (Economic Research Journal), 2006, (11): 48–59 |
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Keywords: | transition industry productivity TFP SOE reform |
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