摘要
本文以新古典要素分配理论为基础,构造要素分配份额决定因素的经验假说,利用1997—2003年省际面板数据,建立我国资本收入份额决定模型,并运用系统GMM方法进行估计以克服内生解释变量问题。回归结果表明,由资本—产出比概括的要素相对价格、银行向国有经济倾斜的信贷配给所带来的要素市场扭曲、人均收入水平和教育投资等因素都显著地影响资本收入份额,而国外文献关注的产品市场不完全竞争的影响却并不显著。利用回归结果,对各种因素对1997—2003年间全国资本收入份额增加的贡献进行测算表明,要素相对价格和要素市场扭曲不是引起资本收入份额变化的主要原因,由人均收入水平所代表的产业结构转型则是近年来我国资本收入份额增加的主要原因。
Based on neo-classical distributive theory, hypotheses on the determinants of factor income shares are advanced. With panel data of provincial GDP by income approach from 1997—2003, determination model of capital income share is established and estimated. The estimated result suggests that capital-output ratio capturing change in relative prices, the credit rationing of the capital allocation favoring the SOEs by banking system, per capita income and education investment are significant in determining the level of capital income share. The quantitative test with the econometric model reveals that income per capita, which captures the structural transformation of the whole economy, lends the major impetus on the increase in the aggregate capital income share.
出处
《清华大学学报（哲学社会科学版）》
CSSCI
北大核心
2009年第4期137-147,共11页
Journal of Tsinghua University(Philosophy and Social Sciences)
基金
国家杰出青年科学基金(70625002)
