摘要
我国通货膨胀是需求拉动型,还是工资成本推动型?通货膨胀类型不同会导致治理通胀政策选择上的差异,所以上述问题的回答对我国通胀治理具有重要意义。本文基于超额工资理论,以超额工资衡量工资性成本,从企业的微观层面来甄别我国通货膨胀的类型。实证研究表明,我国通货膨胀除了受需求拉动影响外,工资成本的上升也是导致我国通货膨胀的重要原因。研究结果还显示,产品市场占有率越大的企业,产品价格对工资性成本冲击越敏感。而传统理论所认为的劳动密集型产品价格受工资成本影响更大的推断并未获得本文经验上的支持。
China＇s inflation is wage cost-push or demand-pull？ It is very important to answer above question because different measures should be adopted according to different sources of inflation. In this paper, we have, by the use of the panel smooth transition model from the micro perspective,identified types of China＇s inflation based on excess wage theory. The results of our study indicate that China＇s inflation is both wage cost-push and demand-pull. The more monopolies the firms have, the more sensitive to the wage costs is the price change of their products, but the firm＇s sensitivity to the wage costs makes no difference between capital-intensive firms and labor-intensive firms.
出处
《经济研究》
CSSCI
北大核心
2012年第8期70-80,共11页
Economic Research Journal
基金
国家自然科学基金(71002056)
教育部人文社会科学青年基金项目(11YJC790261
09YJC790269)
中山大学优秀青年教师培养计划资助
关键词
通货膨胀
非线性
工资成本
Inflation Rate
Nonlinearity
Wage Cost
