This paper examines total factor efficiency and productivity performance by taking into account local government debt （LGD） in 31 Chinese provincial regions for the period 2000-2013. The results show that neglecting...This paper examines total factor efficiency and productivity performance by taking into account local government debt （LGD） in 31 Chinese provincial regions for the period 2000-2013. The results show that neglecting LGD may overstate economic performance in Chinese provinces. The eastern region shows better performance in single jactor efficiency and total factor efficiency than the non-eastern regions. The western region shows the worst total factor performance. The north-eastern region is the only region that has experienced a decline in total factor performance. The state-dominated, investment- driven development model may help technological progress across Chinese regions but could lead to significant factor misallocation. We argue that biases towards more state- dominated investment and land supply in less productive western, central and north- eastern regions, at the expense of investment and land supply in more productive eastern regions, have contributed to the recent slowdown in economic growth in China. Therefore, .further market-oriented reforms in factor markets should be considered in the future.展开更多
Alloeative inefficiency in agriculture is an issue puzzling researchers and poliey-makers in China. Based on household data from the China Family Panel Studies of 2012, the present paper quantifies the potential disto...Alloeative inefficiency in agriculture is an issue puzzling researchers and poliey-makers in China. Based on household data from the China Family Panel Studies of 2012, the present paper quantifies the potential distortions in China ＇s agricultural production and examines their underlying determinants across regions. The results reveal that there are different levels of distortions across regions. The Middle region is facing the greatest distortion. Increases in machinery input, the proportion of non-farm income and effective labor input will reduce distortions. Household saving, farmland rent and farmland size are significantly positively related to distortions. There is a complementary effect between labor and farmland in alleviating production inefficiency, but substitution effects exist between capital and farmland and also capital and labor. The increase in farmland size will aggravate the impact of capital on distortions. Given the constraint of super small-scale farmland, facilitating land transfer is a necessary precondition for improving, allocative efficiency.展开更多
文摘This paper examines total factor efficiency and productivity performance by taking into account local government debt （LGD） in 31 Chinese provincial regions for the period 2000-2013. The results show that neglecting LGD may overstate economic performance in Chinese provinces. The eastern region shows better performance in single jactor efficiency and total factor efficiency than the non-eastern regions. The western region shows the worst total factor performance. The north-eastern region is the only region that has experienced a decline in total factor performance. The state-dominated, investment- driven development model may help technological progress across Chinese regions but could lead to significant factor misallocation. We argue that biases towards more state- dominated investment and land supply in less productive western, central and north- eastern regions, at the expense of investment and land supply in more productive eastern regions, have contributed to the recent slowdown in economic growth in China. Therefore, .further market-oriented reforms in factor markets should be considered in the future.
基金This research was supported by the Major Program of the National Social Science Foundation of China （No. 14 ZDA070）, the Key Project of Natural Science of Zhejiang Province （No. LZ 14G30001） and the Fundamental Research Funds for the Central Universities.
文摘Alloeative inefficiency in agriculture is an issue puzzling researchers and poliey-makers in China. Based on household data from the China Family Panel Studies of 2012, the present paper quantifies the potential distortions in China ＇s agricultural production and examines their underlying determinants across regions. The results reveal that there are different levels of distortions across regions. The Middle region is facing the greatest distortion. Increases in machinery input, the proportion of non-farm income and effective labor input will reduce distortions. Household saving, farmland rent and farmland size are significantly positively related to distortions. There is a complementary effect between labor and farmland in alleviating production inefficiency, but substitution effects exist between capital and farmland and also capital and labor. The increase in farmland size will aggravate the impact of capital on distortions. Given the constraint of super small-scale farmland, facilitating land transfer is a necessary precondition for improving, allocative efficiency.
