| The manufacturing industry plays an important role to promote the growth of theeconomy of China since reform and open policy30years ago, and it is the pillar ofthe national economic growth. However, with the development of economicglobalization, the manufacturing industry has begun to step onto a new stage ofdevelopment on a global scale; as a result, the pattern of manufacturing industry inour country has been changed in recent years. After entering the new century, China’smanufacturing industry is facing enormous challenges, with countless opportunities,thus the industry has great potential for development and improvement.First, this paper classifies China’s manufacturing industry according to theintensity factors. The three classes are labor-intensive, capital-intensive andtechnology-intensive. According to the above classification we carry on a transversecomparison of manufacturing industry with the USA, Germany and Japan since1995.Second, based on the existing research results, combined with the present situationand the characteristics of economic development in our country, this paper calculatesthe manufacturing TFP in1980-2012of China using the Malmquist index model. Atlast，on the theoretical basis of structure bonus hypothesis，this paper uses the panelfixed effects model and panel vector autoregressive model (PVAR) to research theimpact of China’s manufacturing industry structure change on TFP.From the above research, this paper makes the following conclusions: China’smanufacturing industry obtained rapid development since reform and opening up, butthe development is a result of the increase of scale, rather than the efficiency oftechnology promoting. The TFP of manufacturing industry is greater than1in mostcases with no fixed trend, and the growth of technology-intensive industry is the mostrapidly. Through to the further decomposition, it can be found that the promotion of manufacturing TFP in China mainly relies on promoting the efficiency of scale, thecontribution of pure technical progress and technological progress are not obvious.After analyzing the panel fixed effects model and PVAR model, this paper findsrationalization of manufacturing industry structure can promote TFP, but thesophistication of industrial structure has an opposite effect. And industry structurechange on TFP promoting effect needs a long period of accumulation and digestion, ifonly for a probationary period as ten years, the impact is difficult to show.Therefore, we put forward the following suggestions: the government shouldfocus on industry technology progress, R&D, the management method improvementinstead of only on the development of the industry scale in the future. Changing theway of the government management has good effect on improving the healthydevelopment of the economic in China. Facing the current unreasonable economicstructure, the government should realize that structure adjustment is not a short-termbehavior. In the past ten or more years, although putting forward the idea of adjustingindustrial structure many times, the effect is not obvious as short-term behavior of thegovernment caused the current status of the legacy of the economic structureadjustment. The introduction of a good policy is very important for the healthydevelopment of China’s economy. |
PDF Full Text Request