Research On Measurement And Influencing Factors Of Capacity Utilization Rate Of China’s Automobile Industry

Overcapacity is a difficult problem in China’s economic development.It is due to the imbalance between supply and demand.Overcapacity exists in many industrial industries in China,and the automobile industry as a mainstay industry of China’s economic development,its overcapacity problem has inhibited the rapid development of the industry,the government departments are highly concerned about this,and will focus on overcapacity in the automotive industry.In order to control the overcapacity of the auto industry and ensure the green,stable and healthy development of the auto industry,the government has adopted a series of measures and proposed a series of control policies,but the overcapacity in the auto industry has rebounded.This paper reviews the current research progress of overcapacity in the automotive industry through a review of the literature on overcapacity in the automotive industry,and analyzes the development situations of China’s automotive industry,and then quantitatively analyzes the overcapacity problem in the automotive industry.Firstly,the co-integration method is used to measure the capacity utilization rate of 29 provinces,municipalities and autonomous regions in China’s auto industry(excluding Ningxia,Tibet,Hong Kong,Macao and Taiwan).The sample interval is from 2000 to 2017,and the capacity utilization rate is faced from the national level and the regional level.The results were analyzed;then qualitative analysis of the impact of market factors and government intervention on the overcapacity of China’s auto industry;secondly,in order to further study the overcapacity of the auto industry,the impact of relevant factors,empirical research on government intervention,economic cycle,The relationship between market demand,net export rate and other factors and China’s auto industry overcapacity.The empirical results show that:economic cycle fluctuations,market demand,and net export rate are significantly positively correlated with the capacity utilization rate of the automobile industry.Government intervention is significantly negatively correlated with the capacity utilization rate of the automobile industry.Finally,on the conclusions of this paper,relevant policy recommendations are proposed.