This paper analyzes Chinese enterprise industrial profit distribution and profitability rise between 1998 and 2005. Looking at it from the perspective of drivers of total growth, this paper will provide an in-depth an...This paper analyzes Chinese enterprise industrial profit distribution and profitability rise between 1998 and 2005. Looking at it from the perspective of drivers of total growth, this paper will provide an in-depth analysis of the origins and industry-level factors involved in this growth. It reaches the conclusion that structural change in profits was the main driving force for profit increases, to which heavy industry contributed greatly. Light and machine building industry profit rates improved due to increases in productivity levels, while energy and raw material industry profits increased due to increases in product prices. In addition, average wages grew slower than GDP, and wages among industries varied widely. In general however, this paper sets out to determine which enterprises gained from increases in industrial profitability, and how this gain came about.展开更多
本文利用1952—2008年中国29个省市的面板数据,运用两步系统广义距(Two—step system GMM)估计方法考察了工资对全要素生产率的影响。研究发现:1952—1978年,工资与全要素生产率之间的关系不明显;1979—2008年,工资通过劳动生产率对全...本文利用1952—2008年中国29个省市的面板数据,运用两步系统广义距(Two—step system GMM)估计方法考察了工资对全要素生产率的影响。研究发现:1952—1978年,工资与全要素生产率之间的关系不明显;1979—2008年,工资通过劳动生产率对全要素生产率的影响显著为正,而通过资本生产率对全要素生产率的影响显著为负。本文进一步从劳动力市场发育程度和出口两个方面来探析工资与全要素生产率的偏离,结果显示劳动力市场发育不完善阻碍了工资作用的发挥,出口增加缓解了工资上涨企业寻求创新的动机。展开更多
文摘This paper analyzes Chinese enterprise industrial profit distribution and profitability rise between 1998 and 2005. Looking at it from the perspective of drivers of total growth, this paper will provide an in-depth analysis of the origins and industry-level factors involved in this growth. It reaches the conclusion that structural change in profits was the main driving force for profit increases, to which heavy industry contributed greatly. Light and machine building industry profit rates improved due to increases in productivity levels, while energy and raw material industry profits increased due to increases in product prices. In addition, average wages grew slower than GDP, and wages among industries varied widely. In general however, this paper sets out to determine which enterprises gained from increases in industrial profitability, and how this gain came about.
文摘本文利用1952—2008年中国29个省市的面板数据,运用两步系统广义距(Two—step system GMM)估计方法考察了工资对全要素生产率的影响。研究发现:1952—1978年,工资与全要素生产率之间的关系不明显;1979—2008年,工资通过劳动生产率对全要素生产率的影响显著为正,而通过资本生产率对全要素生产率的影响显著为负。本文进一步从劳动力市场发育程度和出口两个方面来探析工资与全要素生产率的偏离,结果显示劳动力市场发育不完善阻碍了工资作用的发挥,出口增加缓解了工资上涨企业寻求创新的动机。
