The Influence Of Policy Intervention And Market Structure On The Overcapacity

The rapid development of new technology,new industries,strategic emerging industries is becoming a leading backbone of economic and social development in the future.With the strategic development of new industries,companies almost "manic" have moved to photovoltaic industry,making the photovoltaic industry into a relative surplus of the predicament.On the one hand,the government,especially the local government for regional economic growth and political performance considerations,has a strong motivation and willingness to improper intervention of the photovoltaic industry.On the other hand,China's PV industry market concentration is low,product homogeneity and low market access threshold,resulting in a large number of photovoltaic industry backward production capacity is difficult to smooth out.Based on the above background,this paper studies the influence of government intervention and market structure on the PV industry overcapacity from the two perspectives of government and market.In this paper,the relevant literature was sorted out,and the status quo of the middle and lower reaches of the PV industry in China was analyzed.The production function method is used to calculate the capacity utilization rate of the three production processes of the PV industry in China,and measure the degree of overcapacity in the three links of the PV industry.Followed by the analysis of government intervention in sex,market structure and the relationship between China's PV industry overcapacity.In order to quantitatively study the causes of overcapacity in the PV industry,this paper uses the panel data of 40 Chinese PV industry listed companies in 2008-2014 as the explanatory variables,financial subsidies,land subsidies,financial support level and market concentration The empirical results show that there is a positive correlation between fiscal subsidy,land subsidy,financial support level and PV industry overcapacity,while the market concentration and excess capacity show a nonlinear "U" relationship,Thus proving the relevant part of the theory.The main conclusions of this paper are as follows: First,there is a significant positive correlation between government subsidy,land subsidy and financial support level and PV industry overcapacity.However,government subsidy,land subsidy and financial support level have significant influence on the PV production capacity The degree of excess impact is different.Second,the degree of market concentration and excess capacity was "U" type relationship,with the market concentration increased,the rate of excess capacity showed a decline after the rise ofthe trend,so by increasing market concentration to resolve the photovoltaic industry overcapacity The situation there is a certain limitation.In view of the current situation of overcapacity in the PV industry,some feasible measures such as reforming and perfecting the promotion system of officials,improving the price mechanism of factor market and promoting the transfer of surplus production capacity to medium and high-end industrial chain are put forward.