Do risingfactor prices promote technical efficiency （TE） in China＇s manufacturing sectors？ This topic has not yet been thoroughly studied in any literature. Using panel data from 1993 to 2007 of Chinese provinces...Do risingfactor prices promote technical efficiency （TE） in China＇s manufacturing sectors？ This topic has not yet been thoroughly studied in any literature. Using panel data from 1993 to 2007 of Chinese provinces＇ manufacturing industries, this paper calculated the TE by data envelopment analysis （DEA）. The result shows that China＇s manufacturing TE remained stagnate in the mid- and late-1990s and increased after 2000. Using a Pooled Regression Model, Fixed-effects Regression Model and Panel Corrected Standard Error （PCSE） to obtain robust parameters and the standard error, we find that rising factor prices have an obvious positive effect on the TE of the manufacturing industry and that this effect reaches its peak three to five years later. Therefore, the assumption of a ＂cost-Push TE＂ in China＇s manufacturing sectors can now be statistically proven. It has verified the significance of reforming China＇s faetor price system. Governments should value resource-allocating ej^iciency, implement policies that promote industrial transition and upgrading and transform the economic development pattern through technical innovation.展开更多
The ＂migrant worker shortage＂ which occurred several）pears ago and the recent ＂labor shortage＂ were both caused by an imbalance between the supply and demand of migrant workers. It is a periodical outcome of spon...The ＂migrant worker shortage＂ which occurred several）pears ago and the recent ＂labor shortage＂ were both caused by an imbalance between the supply and demand of migrant workers. It is a periodical outcome of spontaneous adjustment by the migrant labor market. As rural welfare was greatly enhanced in 2009, migrant workers＇ opportunity cost of working outside their hometowns was raised. The connotation of migrant workers＇ ＂market price＂ is changing. The new generation of migrant workers, namely, those born after 1980, are becoming the mainstay of enterprises＇ employment. Being better educated, they have different lifestyles than previous generations. ＂Leisure and entertainment＂ have become part of their opportunity cost and reduced their labor supply. ＂Labor shortage＂ is an endogenous force that helps transform China＇s growth patter, upgrade the industrial structure and promote urbanization. The seasonal ＂return of migrant workers＂ and the ＂labor shortage＂ which appears around China＇s Spring Festival each year have grown into a unique b,t effective collective bargaining mechanism that helps increase migrant workers＇ wages. Facing labor shortages, governments should regulate the labor market pricing and orientate labor-intensive enterprises towards transition, continue to enhance the social security system for migrant workers and those in rural areas, and make an accurate forecast of the population trend and adjust population policies.展开更多
文摘Do risingfactor prices promote technical efficiency （TE） in China＇s manufacturing sectors？ This topic has not yet been thoroughly studied in any literature. Using panel data from 1993 to 2007 of Chinese provinces＇ manufacturing industries, this paper calculated the TE by data envelopment analysis （DEA）. The result shows that China＇s manufacturing TE remained stagnate in the mid- and late-1990s and increased after 2000. Using a Pooled Regression Model, Fixed-effects Regression Model and Panel Corrected Standard Error （PCSE） to obtain robust parameters and the standard error, we find that rising factor prices have an obvious positive effect on the TE of the manufacturing industry and that this effect reaches its peak three to five years later. Therefore, the assumption of a ＂cost-Push TE＂ in China＇s manufacturing sectors can now be statistically proven. It has verified the significance of reforming China＇s faetor price system. Governments should value resource-allocating ej^iciency, implement policies that promote industrial transition and upgrading and transform the economic development pattern through technical innovation.
文摘The ＂migrant worker shortage＂ which occurred several）pears ago and the recent ＂labor shortage＂ were both caused by an imbalance between the supply and demand of migrant workers. It is a periodical outcome of spontaneous adjustment by the migrant labor market. As rural welfare was greatly enhanced in 2009, migrant workers＇ opportunity cost of working outside their hometowns was raised. The connotation of migrant workers＇ ＂market price＂ is changing. The new generation of migrant workers, namely, those born after 1980, are becoming the mainstay of enterprises＇ employment. Being better educated, they have different lifestyles than previous generations. ＂Leisure and entertainment＂ have become part of their opportunity cost and reduced their labor supply. ＂Labor shortage＂ is an endogenous force that helps transform China＇s growth patter, upgrade the industrial structure and promote urbanization. The seasonal ＂return of migrant workers＂ and the ＂labor shortage＂ which appears around China＇s Spring Festival each year have grown into a unique b,t effective collective bargaining mechanism that helps increase migrant workers＇ wages. Facing labor shortages, governments should regulate the labor market pricing and orientate labor-intensive enterprises towards transition, continue to enhance the social security system for migrant workers and those in rural areas, and make an accurate forecast of the population trend and adjust population policies.
