Analysis Of Industrial Tfp And Its Influencial Factors In China In 1999-2014

The industry is the core of our country economy development,its development level decides a nation’s comprehensive strength and modemization.Due to the capital accumulations,sufficient labor resources and the push of exportation,industry developed quickly in the early days.But as the rising of labor cost and resource exhaustion,the advantages of industry development disappear gradually and the industry is reaching the adjustment stage.In the context of a major shift in the middle income stage and population dynamics,productivity growth has been the driving force and source of economic growth.The study on the distribution’s difference and the influence factors of productivity is of great practical significance to understand the current situation of industrial development and promote industrial transformation and upgrading.Based on the data of 23 subdivision industries of 30 provinces,with using the method of Solow residual,this article calculates the total factor productivity,marginal product of capital and marginal product of labor.I analysis the factor productivity differences between categories of industry and the growth trend in Liaoning as a typical case.Then,I calculate the comprehensive productivity of 30 regions and the contribution rate of each factor to economic growth based on the productivity of every category of industry.The result shows that the industrial productivity is different in industry and area.From an industry perspective,the heavy industry has higher TFP and MPL.lower MPK than the light industry.The high technology industry has not formed technology-intensive advantage.The investment rate and growth rate of TFP has a negative correlation relationship.From the region perspective:In contrast analysis of excess capacity industries,the characteristic of northeast China is obvious.with lower TFP and its growth rate.but the TFP contribution rate and capital contribution rate are generally higher than the average level,labor contribution rate is lower.In the analysis of the whole induatry,the eastern region has higher TFP,MPK and MPL than the northeast,central and western regions.Some provinces have high growth rate of factor productivity in the central and western regions,but the whole can not be convergent to the east.Therefore,industry needs to transform and upgrade.Adjust industrial structure and investment structure and improve the efficiency of factor allocation to narrow regional differences.Finally,a regression analysis was made on the factors of total factor productivity in 30 provinces of China,and I find that the business environment,human capital and marketization level have a significant effect on the TFP.There is a significant negative correlation between r&d investment intensity and the TFP.Foreign direct investment has no positive effect on the TFP,even the effect is negative.This paper puts forward the specific policy suggestions:optimizing the business environment,strengthening the construction of legalization,improving the efficiency of government work,and strengthening the construction of green and sustainable development environment;Strengthening the quality of human capital,promoting education training and improving labor structure;Enhancing the efficiency of research input and improving the conversion rate of scientific research;making rational use of foreign investment to give full play to the technology spillover effect of foreign investment;improving the marketization level,to promote the rational allocation of resources,and reducing regional and industrial differences.Strengthening infrastructure’s development and promoting regional cooperation and industrial development.Compared with the previous studies of industrial total factor productivity,the research of this paper has the following innovation:(1)By utilizing the method of Solow residual,this paper has measured TFP,MPK,MPL and factor contribution rate of the subdivision of provincial industry.According to the nature of the industry,they are divided into heavy industries and light industries.Make the comparison of industries in the case of liaoning.Compare the excess capacity industries and the whole industries between the provinces.The analysis and comparison at the industry level and at the province level have stronger practical significance.(2)On the basis of previous literature research,this paper builds the business environment index system to measure business environment of every province.Then,empirical analysis are made on the the influence of total factor productivity regionally.The influence factors are business environment,r&d,human capital,marketization level,foreign direct investment,government intervention and the level of infrastructure construction.The empirical results reveal the development characteristics of different industries in different regions(3)This paper selects the data from 1999 to 2014 as samples to study our country’s industrial total factor productivity.The data across time in 2008 close to the present time can reveal the characteristics of the economic recovery phase after the financial crisis and the current economic situation,There is of great significance for the study of the development of Chinese industry in the new stage.