补贴、要素结构变动与工业企业增长质量提升——基于技术进步偏向和要素价格扭曲视角的实证研究
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| Title | Subsidy, the Factor Structure Change and Quality Improvement of Industrial Enterprises Growth
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| 作者 | 张同斌 马丽园 |
| Author | Zhang Tongbin and Ma Liyuan |
| 作者单位 | 东北财经大学数学与数量经济学院 |
| Organization | Dongbei University of Finance and Economics |
| 作者Email | tongbinzhang@126.com；mary0526413@163.com |
| 中文关键词 | 补贴 技术进步偏向 要素价格扭曲 增长质量 倾向得分匹配与广义矩估计两步法 |
| Key Words | Subsidy; Technical Progress Bias; Factor Price Distortion; Growth Quality; PSM and GMM |
| 内容提要 | 本文从补贴影响工业企业要素结构的两个方面技术进步偏向和要素价格扭曲程度，进而影响其增长质量的视角，采用倾向得分匹配（PSM）和广义矩（GMM）估计两步法，分析了补贴对中国工业企业增长质量提升的影响，主要结论如下：补贴减弱了工业企业技术偏向资本的程度，使得要素配置结构得到优化，劳动和资本两种要素对价值形成的贡献均得到充分体现，进而补贴对工业企业增长质量显著的正向影响逐渐显现。此外，总体而言，补贴降低了工业企业要素价格的扭曲程度，使得获得补贴的工业企业中要素边际产出与要素成本相匹配，能够改善要素收入分配结构并提高要素投入质量，因此补贴引起的要素价格扭曲程度变动推动了工业企业增长质量的提高，但在要素价格扭曲程度过高时，补贴未能够通过减弱要素价格扭曲程度对企业增长质量提升发挥积极作用。 |
| Abstract | Subsidies can affect the factor structure of industrial enterprises leading to technical progress bias and factor price distortion and thus have influence on their growth quality. This paper analyzed the effects of subsidies on the quality of industrial enterprises’ growth using the method of Propensity Score Matching (PSM) and Generalized Method of Moments (GMM). The conclusions show that subsidies can weaken the degree of technology progress preferred to capital in industrial enterprises and optimize the factor distribution structure so that labor or capital can make significant contribution to the value formation. Then the positive effects of subsidies on the quality of industrial enterprises growth are gradually revealed. In addition, generally, subsidies can reduce the degree of factor price distortion, make the marginal output and factor cost match well and improve the structure of factor income distribution. Therefore, changes in the factor price distortion caused by subsidies do promote the quality of industrial enterprises growth. However, subsidies can not lessen the degree of price distortion and may not play a positive role on enhancing the quality of enterprises’ growth in case of the high degree of price distortions. |
| 文章编号 | WP879 |
| 登载时间 | 2015-05-22 |
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