| The export-oriented industries are playing a vital role as China is rising as the "world factory". However, as the costs of raw materials and labor keep increasing, the cost advantage and international competitiveness of products "Made in China" have been undermined, leading to a slowdown in the acceleration of export. It is still a problem to be solved whether we should continue to support the export sector, guide its restructuring and industrial upgrade. Based on the panel data of China’s manufacturing industries in2001-2011, this paper will build a stochastic frontier model to estimate the technical efficiency of China’s export-oriented industries.The empirical results demonstrate that:1) overall, the technical efficiency of China’s export-oriented industries still has obvious advantages over other manufacturing sub-industries, however, in recent years, some of them have been overtaken by some non-export-oriented industries with their elevated efficiency;2) within the export-oriented industries, labor-intensive industries show high technical efficiency at an early stage, however, the technology-intensive and the capital-intensive industries are catching up in that regard;3) With the advancement of market liberalization and the increase of factor mobility, the technical efficiency gap between industries is narrowing;4) In numerous exogenous determinants of technical efficiency, the level of dependence on export has the most significant positive impact. The study also found that the higher the expenditure of scientific and technological activities, the greater the proportion of SOEs assets, the more the number of firms in the industry, the higher technical efficiency the industry has. On the contrary, the level of capital liberalization has a negative impact on manufacturing efficiency. The higher the proportion of foreign capital, the lower technical efficiency the industry has. |
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