摘要
导致要素配置扭曲的原因很多,而制度原因也是不可忽视的。从中国和其他转型国家的经验来看,市场化改革对转型国家的要素配置效率具有异质性影响。文章从适宜制度理论的视角来分析一国的制度偏离对其要素配置效率的影响,并利用53个国家1995-2012年的数据进行实证分析,结果表明:一国的制度偏离显著降低了要素配置效率,但随着要素配置效率的降低,制度偏离的边际效应递减;如果制度偏离降低一个单位,要素配置效率的提高大约会使TFP增长7.5%。对中国经济改革的分析表明:中国的制度偏离对其要素配置效率的影响在21世纪初发生了转折,之后中国的制度偏离有了一定幅度的增加;中国要素市场的市场化进程滞后于适宜制度,并且制度偏离不断增大,对要素配置效率产生了双重的负面影响。因此,加快市场化改革、降低制度偏离可以提高中国的要素配置效率,为经济发展带来新的动力。
There are many reasons for factor misallocation, and institution reasons also cannot be ignored. From the perspective of the experience of China and other transition countries, the market-oriented reform has the heterogeneous effects on factor allocation ef- ficiency in transition countries. This paper analyzes the impact of institutional deviation on factor allocation efficiency from the perspective of appropriate institution theory, and con- ducts the empirical analysis by using the data of 53 countries from 1995 to 2012. It reaches the following conclusions, firstly, institutional deviation of a country significantly leads to the reduction in factor allocation efficiency, but with the reduction in {actor allocation effi- ciency, the marginal effect of institutional deviation decreases progressively~ secondly, if the absolute value of institutional deviation decreases by one unit, the increase in factor al- location efficiency may result in the increase in TFP by 7.5~. The analysis of Chinese eco- nomic reform shows that the impact of China＇s institutional deviation on factor allocation efficiency had a turning point in the beginning of 21st century, and then China＇s institutional deviation began to increase to a certain extent; the market-oriented process of China＇s factor market lags behind appropriate institution, and constant increase in institutional deviation has the double negative impacts on factor allocation efficiency. Therefore, the acceleration of the marketization reform and the reduction in institutional deviation can improve factor allocation efficiency in China, giving a new impetus to economic development.
出处
《财经研究》
CSSCI
北大核心
2015年第12期107-117,共11页
Journal of Finance and Economics
基金
教育部哲学社会科学系列发展报告重点项目(11JBG004)
关键词
适宜制度
要素配置扭曲
制度偏离
转型国家
appropriate institution
factor misallocation
institutional deviation
transition country
