On The Improvement Of Manufacturing Industry's Competitiveness During Capital Deepening

According to general industrialized countries' experience, capital deepening can make positive contribution to the manufacturing industry's quality and a country's macro economic development. But statistic data show that Chinese manufacturing industries' capital deepening process had unsatisfying economic performance, such as rapid decrease on capital marginal revenue,unsteady increase on labor marginal revenue and marked drop on total factor productivity. The essence of industrial capital deepening is the evolution of production factors' relative density. The economic performance of industrial capital deepening depends on the full realization and continue improvement of production factors' productivity. As there exists tight connection between capital deepening and production factors, the research on laws of capital deepening in view of industrial competitiveness whose main content is productive efficiency and allocative efficiency of factors will be actable.The productive efficiency of factors is the outward layer of industrial competitiveness. In this aspect, the promotion tendency of manufacturing industries' competitiveness during capital deepening was not very marked, even a falling tendency could be observed. The further research on increasing marginal revenue of production factors becomes a transition which helps to transfer our attention from the productive efficiency to basic abilities of industries which contain the abilities of technique progress,drawing and rejecting production factors,industrial organization's promotion and regional agglomeration and proliferation. And these abilities were regarded as the inward layer of industrial competitiveness in this paper.Adopting an essential,long-term and dynamic researching aspect in depicting industrial competitiveness during capital deepening, we take "response dexterity degree" index into calculation. The empirical study proved: no obvious technique progress could be found during industrial capital deepening; the industries had certain ability in drawing and rejecting partial labor factor because of cost at proper time, but capital factor's performance in this aspect wasn't very good; on production factors' flowing direction, the industrial capital deepening was the process of capital factor's flowing into effective enterprises and effective regions, but on production factors' response speed on it's relative productivity, the allocative efficiency of capital factor was weak, and labor factor had relative stronger allocative efficiency among industries and regions. In a word, the industrial organization structure and regional layout structure had certain response ability, and they were approaching the most effective condition of production factors' allocation. This conclusion...