产能利用与固定资产投资关系的面板数据协整研究——基于制造业28个行业样本被引量：54

Research on the Relationship between the Capacity Utilization and Fixed Capital Investment in Panel Cointegration:An Empirical Study Based on 28 Manufacturing Industries

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摘要本文采用1997～2006年我国工业制造业28个行业的有关数据,在使用成本函数法测度产能利用率的基础上,应用面板数据的协整理论对产能利用水平和固定资产投资之间的关系进行了实证分析。实证研究的结果表明,产能利用水平和固定资产投资二者之间存在着协整关系,但产能利用对固定资产投资的影响强度对于各行业来说存在着显著差异性。同时,部分行业产能利用水平与固定资产投资之间呈现正相关性的结果也说明,由于厂商对未来需求波动的预期和现实总存在着一定的偏差,致使产能利用的调整滞后于需求的变化,进而导致投资"潮涌现象"的发生。 This paper makes use of 28 manufacturing industries of China from 1997 to 2006, chooses the panel cointegration theory to analyze the relationship between the capacity utilization and fixed capital investment empirically after using the cost function method to measure the capacity utilization rate. The empirical study result shows that there exists cointegration relationship between the capacity utilization rate and fixed capital investment, but the intensity exists remarkable discrepancy among the industries. Meanwhile, the POsitive relationship between the capacity utilization rate and fixed capital investment of some industries also indicates that the adjustment of capacity utilization lags the demand variation due to the deviation between anticipation and reality of the firms, and then leading to the wave phenomenon of the investment.

作者孙巍李何王文成

机构地区吉林大学数量经济研究中心

出处《经济管理》 CSSCI 北大核心 2009年第3期38-43,共6页 Business and Management Journal ( BMJ )

基金国家自然科学基金项目"生产要素拥挤的形成机理研究"(70572030) 教育部人文社会科学重点研究基地2006年度重大研究项目"过剩产能的形成机理与相关产业政策的数量经济分析"(06JJD790014)

关键词产能利用固定资产投资面板协整 capacity utilization fixed capital investment panel cointegration

分类号 F401 [经济管理—产业经济]

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