摘要
要素市场扭曲是中国转型时期对内市场化改革过程中遗留下来的特殊产物,而在对外开放方面,中国施行了以削减关税税率为主要内容的贸易政策改革,贸易自由化程度日益加深。本文使用1998～2007年高度细化的企业层面微观数据,在贸易自由化的背景下考察要素市场扭曲对工业企业生产率的影响。结果发现:要素市场扭曲对工业企业生产率的提高产生了显著的抑制作用,要素市场扭曲不仅抑制了企业内部生产率的提高,而且还显著地降低了跨企业的资源配置效率;持续的贸易自由化显著地提高了企业生产率,并且对要素市场扭曲具有一定的矫正作用。
Factor market distortion is a special outcome in the process of internal market reform during China＇s transitional period, while in the opening up, China executes the tariffs cut as the main contents of the trade policy reform, and the degree of trade liberalization is deepening. Using the highly disaggregated firm level micl^o data from 1998 to 2007, this paper investigates the impact of factor market distortion on the manufacturing firms＇ pro- ductivity under the background of trade liberalization. The result indicates that ： Factor market distortion is found to significantly inhibit the manufacturing firms＇ productivity, and it not only inhibits with firms＇ productivity but also significantly reduces inter -firms＇ resource allocation efficiency. Persistent trade liberalization is found to significantly boost firms＇ productivity, and moreover, it has a certain corrective effect for factor market distortion. This paper provides a new perspective and empirical evidence to further understand the evolution of China＇s manufacturing firms＇ productivity, it also has important implications for how to improve firms＇ productivity and change the patter of economic growth.
出处
《金融研究》
CSSCI
北大核心
2013年第2期156-169,共14页
Journal of Financial Research
关键词
要素市场扭曲
贸易自由化
企业生产率
资源配置效率
Factor market distortion, Trade liberalization, Firm productivity, Resource allocation efficiency
