要素流动与全要素生产率增长：来自国有部门改革的经验证据
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| Title | Factor Flow and TFP Growth: Evidence from China’s SOEs Reform
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| 作者 | 黄先海 金泽成 余林徽 |
| Author | Huang Xianhai, Jin Zecheng and Yu Linhui |
| 作者单位 | 浙江大学经济学院 |
| Organization | School of Economics, Zhejiang University |
| 作者Email | yulh@zju.edu.cn；hxhhz@126.com；zechengking@zju.edu.cn |
| 中文关键词 | 要素流动全要素生产率国有企业改革抓大放小供给侧改革 |
| Key Words | Factor flow; TFP; SOEs reform; Grasp the big, Let go the small; Supply-side reform |
| 内容提要 | 本文通过构建一个两部门的生产函数估计框架得到了我国制造业企业全要素生产率的一致性估计，并从要素流动的视角实证分析了上世纪末以来国有部门“抓大放小”改革政策对我国制造业生产率的影响效应。本文研究发现，“抓大”政策使国有部门通过企业优化重组和部门内要素流动提高了资源配置效率，最终提升了国有部门和制造业整体的生产率水平，而“放小”政策尽管对国有部门生产率有一定负效应，但通过部门间要素流动促进了制造业整体配置效率的提高，并贡献了过去十年制造业全要素生产率提升的三分之一。本文的研究结果不仅为理解二十一世纪以来中国经济高速增长之迷提供了实证证据，也为进一步完善我国社会主义市场经济体制和推动当前“供给侧改革”提供了理论依据和政策启示。 |
| Abstract | In this paper, by constructing a two-sector production function estimation framework and obtaining the consistent estimates of firm-level total factor productivity of Chinese manufacturing firms, we empirically explore the productivity effects of "Grasp the big, Let go the small" policy during the SOEs reform beginning at the end of the 1990s. We find that "Grasp the big" has increased the productivity of both SOEs and the whole manufacturing sector through the optimization and restructuring of SOEs and factor flow within the state-owned sectors, whereas "Let go the small" has negative effects on productivity of SOEs, but it has enhanced the productivity of the whole manufacturing by improving the allocation efficiency through factor flow between the state-owned sector and the private one. It accounts for approximately one third of the total productivity growth during the past ten years. The findings of this paper provide empirical evidence for better understanding the miracle of China's rapid economic growth in the 20th century. Additionally, it also has rich policy implication on further improvement of China's market economy system, and provides theoretical supports to the implementation of current supply-side reform in China. |
| 文章编号 | WP1152 |
| 登载时间 | 2017-02-10 |
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