中国政府规模如何影响资源配置效率?沿用Hsieh and Klenow(2009)的方法,利用中国工业企业数据库和市级财政数据,在对中国各地级市1998—2007年资源配置状况进行精确测算的基础上,实证检验了地方政府规模与资源配置效率的关系。结果发现...中国政府规模如何影响资源配置效率?沿用Hsieh and Klenow(2009)的方法,利用中国工业企业数据库和市级财政数据,在对中国各地级市1998—2007年资源配置状况进行精确测算的基础上,实证检验了地方政府规模与资源配置效率的关系。结果发现,以政府规模衡量的政府经济干预恶化了中国的资源配置效率。进一步的研究表明,政府规模对国有经济部门资源配置效率的影响比对非国有经济部门更大;在时间上,政府规模对资源配置效率影响在短期中断后会重现,并将持续一个较长的时期。展开更多
Government subsidies for some firms will have effects on the market entry,exit and scale of firms,result in misallocation of resource between firms,and reduce manufacturing productivity.Using data of Chinese industria...Government subsidies for some firms will have effects on the market entry,exit and scale of firms,result in misallocation of resource between firms,and reduce manufacturing productivity.Using data of Chinese industrial enterprises from 1998 to 2007,this paper studies the effect and micro-mechanism of misallocation caused by government subsidy on manufacturing productivity.Decomposition of manufacturing productivity indicates there is resource misallocation between firms and decreasing of manufacturing productivity.Empirical study shows that government subsidies constitute an important factor inducing this resource misallocation.Subsidies change extensive and intensive margins of market,distort resource allocation between firms and reduce manufacturing productivity,and the resource misallocation is more serious in industries with higher proportion of state-owned assets.Specifically,subsidies hinder entry and exit of firms in extensive margins,with subsidized firms having lower propability of market entry and exit compared with unsubsidized firms;subsidies promote scale of subsidized firms and crowds out market share of unsubsidized firms in intensive margins.The implication of this paper is that when providing subsidies government should take into consideration their effect on the firms’dynamic and resource allocation in the frame of general equilibrium.展开更多
文摘中国政府规模如何影响资源配置效率?沿用Hsieh and Klenow(2009)的方法,利用中国工业企业数据库和市级财政数据,在对中国各地级市1998—2007年资源配置状况进行精确测算的基础上,实证检验了地方政府规模与资源配置效率的关系。结果发现,以政府规模衡量的政府经济干预恶化了中国的资源配置效率。进一步的研究表明,政府规模对国有经济部门资源配置效率的影响比对非国有经济部门更大;在时间上,政府规模对资源配置效率影响在短期中断后会重现,并将持续一个较长的时期。
基金Chongqing Social Science Planning Project“Research on the Impact Mechanism of Industrial Upgrading of the Integration of Chongqing’s Productive Service Industry and Manufacturing Industry from the Perspective of Value Chain”(2017QNJJ13)Chongqing Municipal Education Commission Science and Technology Project“Study of Chongqing Industry Dynamics and Manufacturing Transformation and Upgrading Based on Supply-Side Structural Reform”(KJ1709234).
文摘Government subsidies for some firms will have effects on the market entry,exit and scale of firms,result in misallocation of resource between firms,and reduce manufacturing productivity.Using data of Chinese industrial enterprises from 1998 to 2007,this paper studies the effect and micro-mechanism of misallocation caused by government subsidy on manufacturing productivity.Decomposition of manufacturing productivity indicates there is resource misallocation between firms and decreasing of manufacturing productivity.Empirical study shows that government subsidies constitute an important factor inducing this resource misallocation.Subsidies change extensive and intensive margins of market,distort resource allocation between firms and reduce manufacturing productivity,and the resource misallocation is more serious in industries with higher proportion of state-owned assets.Specifically,subsidies hinder entry and exit of firms in extensive margins,with subsidized firms having lower propability of market entry and exit compared with unsubsidized firms;subsidies promote scale of subsidized firms and crowds out market share of unsubsidized firms in intensive margins.The implication of this paper is that when providing subsidies government should take into consideration their effect on the firms’dynamic and resource allocation in the frame of general equilibrium.
