全要素生产率
失真(音乐)
经济
中国
生产力
首都(建筑)
资源(消歧)
中国工业
农业经济学
劳动经济学
计量经济学
宏观经济学
政治学
工程类
历史
CMOS芯片
考古
计算机科学
放大器
法学
计算机网络
电子工程
作者
Mian Yang,Fan Yang,Chuanwang Sun
标识
DOI:10.1016/j.eneco.2017.11.021
摘要
In this study, we develop a novel analysis framework for evaluating the effects of resource reallocation from the correction of factor market distortion (FMD) on total factor productivity (TFP) gains. We first measure FMD in China's heavy industry sector from 1995 to 2012, and then investigate the effects of resource reallocation from FMD correction by using the price elasticity of factor demands as a link, along with its potential TFP gains. The results indicate that: (1) Taking the price of capital as a reference, the prices of labour and energy in the study period were relatively higher to different extents. (2) If current FMD were fully corrected, the labour input in China's heavy industry sector would increase by 25.37%, whereas capital and energy inputs would decrease by 18.51% and 10.57%, respectively. (3) The resource reallocation effects resulting from current FMD correction will bring about significant TFP improvement (by 8.55%) in China's heavy industry sector, and there are evident industrial differences and stage characteristics for these promoting effects.
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