服务业外资管制、定价策略与下游生产率

FDI Regulation in the Services Sector,Pricing Strategy and Downstream Productivity

本文首先基于服务业中间品厂商实行的定价策略,从理论上分析了服务业外资管制通过影响下游企业投入的服务中间品种类数量,作用于下游企业生产率的机制。然后采用中国正式颁布的服务业外资管制条款,刻画1997-2007年服务行业外资管制的变化程度;并使用投入产出关系,匹配下游制造业企业数据进行经验研究。结果表明:中间服务业外资管制放松显著提高了下游制造业企业的生产率;在不同细分服务行业上,金融和能源服务业作用效果最大,通讯、科技服务业影响较小;下游制造行业产品替代性越小,其投入的服务中间品种类越分散,减弱了服务业外资管制放松对生产率的促进作用。

Based on the pricing strategy implemented by the services sector upon downstream manufacturing firms,this paper theoretically analyses the impact of foreign capital deregulation in the services sector on the input and productivity of the downstream manufacturing firms service scope.The paper measures foreign capital deregulation in the services sector in China from 1997 to 2007 by using the services sector foreign capital regulation clause,and then the input-output table to combine this with downstream manufacturing firm data.The paper uses the data to undertake an empirical analysis,finding that foreign capital deregulation in the services sector significantly improves downstream manufacturing firm productivity.After segmenting the service industry,the results show that deregulation mostly occurs in financial and energy services,while its effect on communication and technology is limited.We also find that less substitutability decreases the positive effect of foreign deregulation due to the higher dispersion of services input.