Research On Factor Market Distortion, Enterprise Innovation And Total Factor Productivity Promotion

According to the experience and history of economic development,the improvement of total factor productivity is the only way for the long-term growth of the economy,and it is also the best choice.Compared with economically developed countries,China's total factor productivity is low,and how to improve the level of total factor productivity in an environment with low efficiency of factor market allocation is especially important for enterprises with insufficient innovation motivation.Therefore,this paper focuses on the main line of the loss path and promotion strategy of total factor productivity,according to the theoretical analysis-the status quo combing-mechanism analysis-empirical research ideas,using literature analysis,theoretical empirical analysis and comparative analysis methods,from the search for total factor productivity The path of loss and the influencing factors start.The market-oriented reform process that is not synchronized causes the distortion of the factor market,explores the R&D and innovation behavior of enterprises,explores the micro-mechanism of total factor productivity loss,and seeks the road and policy direction of China's long-term economic growth.The research content of this paper includes the following four aspects: First,the analysis of the theory and mechanism of factor market distortion,enterprise innovation and total factor productivity on the basis of enterprise heterogeneity.This paper discusses the influence mechanism of factor market distortion,enterprise innovation and dynamic market environment on total factor productivity,analyzes its own formation mechanism,and builds a unified theoretical framework covering the three.At the same time,starting from the initial economy,gradually increase the distortion of the factor market,innovation,and dynamic market to be close to the real economic environment,and study its gradual effect on total factor productivity on the impact,add the aggregate level to the yield response,and comb the composition The context of the influence and the microscopic mechanism.The second is the study of the characteristics of China's factor market distortion,enterprise innovation and total factor productivity.It sorts out the institutional evolution that has caused the loss of factor market allocation efficiency since the reform and opening up,and summarizes the distortion status and characteristics of capital,labor,land and energy;examines the actual characteristics and existing problems of enterprise innovation,and discusses the innovation of Chinese enterprises and the current level of economicdevelopment.Relationship;analyzes the motivation of total factor productivity and evaluates cross-country comparison results.The third is to identify three ways to promote growth through the empirical analysis of total factor productivity and total decomposition: re-allocation efficiency,enterprise productivity improvement and dynamic environment,and comparison from cross-industry,cross-regional and transnational levels,from micro,From the middle to the macro perspective,we examine the loss path and growth space of total factor productivity at different levels.Afterwards,starting from the way to improve the total factor productivity,it reveals that the distortion of the factor market leads to the inefficient allocation of production factors,and the innovation of enterprise innovation drives the productivity of enterprises.Therefore,it seeks improvement from the perspectives of factor market distortion and enterprise innovation.Ways to expand the space for productivity growth and differentiate the productivity improvement strategies of different ownership companies.The fourth is to put forward the policy recommendations that need to urgently improve the total factor productivity.The focus is on enterprise innovation.The difficulty lies in accelerating the reform of the factor market.The premise is to guide the transformation of the industrial structure.The conclusions of this paper are as follows: First,the distortion of the factor market not only hinders the improvement of total factor productivity,but also reduces the number of enterprises with real innovation ability and motivation.The distortion of the status quo itself and the distortion of the enterprise's willingness to innovate are not conducive to the increase.The increase in total total factor productivity.Enterprise innovation can not only raise the critical level of productivity,but also increase the total factor productivity of the aggregate.The choice of whether to make innovation depends on the relationship between expected innovation revenue and innovation cost.Second,during the sample period,the total factor productivity of China's manufacturing industry maintained a steady upward trend.Among them,enterprise productivity was the most important factor in the rise of China's manufacturing productivity.The re-allocation efficiency of production factors showed an increasing trend during the sample period.The contribution of enterprises to enter and exit net income is low,and even negative values have appeared repeatedly,indicating that the operating mechanism of the survival of the fittest in the current market does not promote the optimal allocation of the market,but hinders the productivity level at the aggregate level.Among them,through the comparative study of cross-industry,cross-regional and transnational levels,the inter-provincial and inter-regional estimates are used to compare the regional structure of manufacturing and productivity growth according to different business characteristics,factor density and monopoly standards.And compare with other nine countries to analyze the position and growth potential of China's total factor productivity level in the world economy.Third,capital distortion caused total factor productivity to decrease by 5.5% per year.Labor distortion caused total factor productivity to decrease by 2.6% per year,and total factor productivity decreased by 8.1% annually.According to the differences in ownership according to the ownership system,it is found that the distortion of state-owned enterprises' capital and labor causes the reduction of total factor productivity to be significantly different from that of non-state-owned enterprises.Enterprise innovation not only has a positive impact on improving total factor productivity,but also has the experience and accumulation gained through innovation activities,which has important guiding and inspiring effects for the subsequent innovation.In the research on innovation choices between state-owned enterprises and non-state-owned enterprises,it is also found that there are obvious differences between enterprises with different ownership.State-owned enterprises tend to make innovative choices when productivity declines,which is more passive than non-state-owned enterprises..The innovations of this paper are as follows: First,the theoretical analysis framework of the total factor productivity growth path is constructed,and the influence of factor market distortion and enterprise innovation constitutes the influence context and internal logic,and the framework of the unified theoretical system covering the three is constructed,which is different from the past.The analysis of the impact of factor market or enterprise innovation on total factor productivity is conducive to enriching the theory of total factor productivity growth and the policy of factor market reform.The second is empirical analysis of ways to improve total factor productivity,providing empirical support based on large sample data for theoretical analysis frameworks and policy recommendations,overcoming existing problems with large sample data processing and measurement,from microdata and microscopic operational mechanisms.Based on the determination of the mechanism of action on total factor productivity,and in contrast with the initial economy,the impact of each factor on total factor productivity is analyzed.The third is to analyze the improvement of total factor productivity from the inter-industry,inter-regional,and nationalperspectives,to explore the growth basis of China's total factor productivity from the micro and macro dimensions,and to distinguish the innovative choices of state-owned enterprises and non-state-owned enterprises from the differences of ownership.Differences,more systematic and dialectical,improve efficiency differences from multi-angle and multi-level research,and provide data support for the current comprehensive and systematic deepening of factor market reform and promotion of enterprise innovation policies.