摘要
基于2001-2007年中国工业企业数据库,以及国家“十五”、“十一五”规划文件,本文采用DID方法实证检验重点产业政策对制造业全要素生产率(TFP)的影响。研究表明:在样本期内,重点产业政策显著抑制了重点行业TFP的提升,且这种负向影响在资本和劳动力扭曲严重的情况下尤为明显。进一步的作用机制检验表明存在资源错配中介效应,即重点产业政策导致制造业TFP下降的部分影响是由于行业资源错配恶化引起的。对产业政策工具支持强度与企业异质性之间关系进行研究,发现产业政策工具在实施过程中存在不同程度的所有制和规模偏向,且除税收优惠外,政策资源更多地流向了重点行业内TFP较低、绩效较差的企业,从而导致行业内资源错配的加剧。因此,产业政策设计的着眼点应转移到对产业发展质量和效率上,并合理把握产业政策干预市场的边界,进一步深化以国企改革与要素价格改革为核心的市场化改革。
Based on Chinese Industrial Enterprise Database from 2001 to 2007,and national“Tenth Five-Year Plan”“Eleventh Five-Year Plan”document,this paper examines the impact of key industrial policy on the TFP of manufacturing industry by adopting DID method.The result shows that key industrial policy significantly inhibited the improvement of key industry TFP during the sample period,and this negative impact was particularly obvious in the case of serious distortion of capital and labor force.Further mechanism test reveals that there is a mediating effect of resource misallocation,which means some of the effect of key industrial policy on the decline of manufacturing TFP is caused by the deterioration of resource misallocation.This paper also explores the relationship between the support of industrial policy tools and the heterogeneity of enterprises,finding that there are different degrees of ownership and scale bias in the implementation process of industrial policy tools,and in addition to tax incentives,more policy resources flow to enterprises with low TFP and poor performance in key industries,which leads to the aggravation of resource misallocation in the industry.Therefore,the focus of industrial policy design should be shifted to the quality and efficiency of industrial development,and reasonably grasp the boundary of industrial policy intervention in the market,so as to further deepen the market-oriented reform centered on the reform of state-owned enterprises and the reform of factor prices.
作者
王欣
曹慧平
WANG Xin;CAO Hui-ping(School of International Trade and Economics,Anhui University of Finance and Economics,Bengbu 233030,China)
出处
《商业研究》
CSSCI
北大核心
2020年第11期54-62,共9页
Commercial Research
基金
国家社会科学基金项目“不完全契约视角下我国出口产品质量提升机制与对策研究”,项目编号:18BJL096。
关键词
产业政策
资源错配
全要素生产率
制造业企业
industrial policy
resource misallocation
total factor productivity
manufacturing enterprises
