Measurement Study On The Distortion Of Factors In Chinese Media Industry

At present,the poor structure of labor compensation in the media industry,the loss of high-end talents,the expansion of capital investment and the coexistence of constraints can be a testament to the distortion of factors in the Chinese media industry.Eliminating the distortion of factors has become an urgent issue in the development of China's media industry,and measuring the distortion of the media industry elements is the basis for completing this topic.According to the classification method of "Cultural and Related Industries Classification(2012)",the paper screened 20 media and related industry sub-categories,and adopted the2012-2016 "Chinese Culture and Related Industry Statistical Yearbook" as the basis for data sources.The CD production function method measures the two major elements of the labor force and capital of the media industry.The measurement results show that there are distortions in the Chinese media industry,the distortion is generally stable,and the distortion coefficient is high.The relative distortion of labor and capital elements is relatively large,and the degree of distortion of labor prices is higher than the distortion of capital prices.In various industries under different standards,the media industry elements are distorted to varying degrees.Judging from the measurement results and trends of the distortions of various industries under the two division criteria,except for the Internet information transmission industry,the trend of change is basically consistent with the results of the overall measurement of distortions in the media industry.Imperfect factor markets,imprisonment of talent mechanisms,offside and absence of government behavior,and rent-seeking by enterprises are the main reasons for distortions in the media industry.Therefore,in order to more effectively eliminate the distortion of the elements of the media industry,the government should act as the leader of decision-making,promote the participation of all parties,and establish a sound factor price formation mechanism.At the same time,the market needs to make good decisions about the supply and demand of decision-makers,and the government should take care of people and form a better supervision mechanism.