| Abstract | Chinese macro-economic control currently has changed from emphasized demand management to focus on supply management, from the supply function, the supply management has three basic path including the formation of new supplies, the increase in total factor productivity (TFP), and improve the quality of factor supply, which the TFP growth is derived from technological progress and improve the efficiency of resource allocation. So, by improving resource misallocation between the providers how much efficiency can bring? This paper, based on the characteristic of the Chinese resource misallocation between the providers, employs the theory of resource misallocation, and establishes a theoretical framework, then respectively measures the efficiency dividends from improving resource misallocation among enterprises within an industry, resource misallocation between industries, resource misallocation between regions using micro data samples during 2008-2014 in China's listed firms and Chinese County Micro Data of 2008-2013. We found several important results as follows: firstly, the efficiency dividends from improving resource misallocation among enterprises within an industry is the largest and can be increased by 64.8%-116.5% on the basis of the existing efficiency, and this result show that the resource misallocation deteriorated at first, and improved so later, but deteriorated again at last in this period; secondly, the efficiency dividends from improving resource misallocation between industries can be increased by 11.91%-38.76%, and this result show that the resource misallocation improved at first, but then deteriorated in this period; thirdly, the efficiency dividends from improving resource misallocation between regions can be increased by 14.39%-18.89% ,and this result show that the resource misallocation has been decreasing year by year; at last, the efficiency dividends from improving capital misallocation is significantly greater than improving labor misallocation in the Three kinds of resource misallocation. Therefore, these, highlighted improving resource misallocation among enterprises within an industry, giving priority to improve capital misallocation, forming unified factor market, are very important to release the resource allocation efficiency dividends of the supply side reform. |