要素市场扭曲对经济高质量发展的影响——来自长江经济带的经验证据

The Impact of Factor Market Distortion on High-quality Economic Development:Empirical Evidence from the Yangtze River Economic Belt

要素市场扭曲是影响长江经济带经济高质量发展的重要原因之一。本文基于2003-2017年长江经济带107个地级及以上城市的面板数据,理论分析并实证检验了劳动和资本要素市场扭曲对长江经济带经济高质量发展的影响效应。研究发现:资本要素市场扭曲水平普遍高于劳动要素市场扭曲水平,并且二者对长江经济带经济高质量发展均存在显著的抑制作用,但劳动要素市场扭曲的抑制作用更强;城市群一体化能显著缓解要素市场扭曲对长江经济带经济高质量发展的抑制作用;长江经济带中游的劳动要素市场扭曲对经济高质量发展的抑制作用最强,上游次之,下游最弱,而上游的资本要素市场对经济高质量发展则存在更显著的抑制性。以上研究结论为现阶段深入推进利率市场化改革、户籍制度改革,形成区域协同发展格局,从而实现长江经济带经济高质量发展提供重要政策启示。

The distortion of the factor market is one of the important reasons affecting the high-quality economic development of the Yangtze River Economic Belt.Based on the panel data of 107 prefecture-level and above cities in the Yangtze River Economic Belt from 2003 to 2017,this study theoretically analyzes and empirically tests the effects of labor and capital factor market distortions on the high-quality economic development of the Yangtze River Economic Belt economy.It is found that the distortion level of the capital factor market is generally higher than that of the labor factor market,and both have a significant inhibitory effect on the high-quality economic development of the Yangtze River Economic Belt,but the inhibitory effect of the labor factor market distortion is stronger.The integration of urban agglomerations can significantly alleviate the inhibitory effect of factor market distortion on the high-quality development of the Yangtze River Economic Belt economy.The labor factor market distortions in the middle reaches of the Yangtze River Economic Belt have the strongest inhibitory effect on the high-quality economic development,followed by the upstream and the weakest downstream.The upstream capital factor market has a more significant inhibitory effect on high-quality economic development.The above research conclusions provide important policy insights for realizing the high-quality development of the Yangtze River Economic Belt economy at the current stage by deepening the reform of interest rate marketization and the reform of the household registration system to form a regional synergistic development pattern.