相对要素价格均等化:理论模型与实证检验

Theory Model and Empirical Analysis of Relative Factor Price

本文从CES总成本函数的角度,纳入技术水平、要素质量和要素价格等差异化因素,推导了相对要素价格均等化的实证检验模型。中国省际间面板数据(1998-2008)的实证检验结果表明中国省际间存在相对要素价格多锥形均衡,劳动力要素相对价格显著不等,进而从要素供给弹性、国际市场需求变化和产出调整机制等角度做了阐释。

This paper deduces an empirical tests model about relative factor price equality theory based on total cost function of CES production function by comidering the difference of technical level, factor quality and factor price among provinces. The empirical test results of RFPE theory by using interprovincial panel data （ 1998 - 2008） through this model indicates that relative labor price is obvious dissimilar, relative factor price equality is untenable and the multi - cone equilibrium exists in China. Furthermore, we analysis the reasons of why RFPE is untenable in the present economic consolidation practice in China from the point of view of the factor supply elasticity, variance of international market demanding and adjustment mechanism of production.