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China's Industrial Efficiency Under The Restriction Of Energy

Posted on:2013-02-23Degree:MasterType:Thesis
Country:ChinaCandidate:W H CengFull Text:PDF
GTID:2219330371492878Subject:Quantitative Economics
Abstract/Summary:PDF Full Text Request
The topic whether Chinese economy holds sustainable growth or not is always of catholic concern. Therefore, to judge this point by studying the dominant industrial growth efficiency enjoys a profound theoretical and practical significance. In this paper, we use the SFA model to analyze the Chinese industrial TFP growth rate and its decompositions under the energy restriction, giving an empirical study result as well. Firstly, we sort the industrial TFPGs and their constituent elements of30provinces by one-dimensional static ordering. The next, two-dimensional matrix analysis has also been carried out to classify the type of provincial industrial growth and the type of industrial growth efficiency according to the quadrants, in addition, indicating the characteristic of each type, the development potentials, and its relevant directions for all the provinces. Furthermore, the static and dynamic analysis are carried out for the three main regional, together with the national TFPG and its decompositions, followed by convergence and divergence analysis in using the coefficient of variation, In the end, we give an empirical analysis about the influence factors for the technical efficiency, from which come about the conclusions and policy recommendations for the topic raised ahead. The results of this paper are listed as follows:(1) During the twelve years from1998to2009, Chinese industrial growth efficiency under energy restriction presents a declination trend, and the descent of both the technical progress rate and the relative frontier technical efficiency variation leads to an unavoidable decrease in the TFP growth rate.(2) FTP growth of frontier technology is the main source of TFPG Moreover, the regional characteristic "Western> Middle> East" of FTP, not only reflects the "late-development advantage" of technology growth rate for the industrial department in the economic backward areas, but also indicates the characteristic "Western> Middle> Eastern" of TFPG.(3) Since1998, the declination of relative frontier technology efficiency in Eastern-Middle-Western area is generally existed, which become the biggest restraining factor for the TFP growth. The phenomenon that "Eastern> Middle> Western" in both technical efficiency TE and its variation rate TEC, thus, depravation of technical efficiency in middle west is more serious than developed eastern district, which terms into the "Matthew effect" in the technical efficiency.(4) The moderate absolute value of diseconomy of scale has a small hinder effect to TFP growth, that shows a "Western> Middle> Eastern" characteristic.(5) The details for TFPG and its decompositions in each period from dynamic analysis combined with our country's regional industry development and corresponding economic policy in specific phase, help analyze the implications and causes hidden behind, at the same time, indicate the coincidence and discrepant situation to the regional development strategy in the national level.(6) From convergence aspect, the astringency of TFPG and FTP is similarly in the mass, and the status for the whole country is quite the same with the eastern area. TE isσ divergent, while the technical progress rate in different regions and stages keeps no absolutely convergent trend, also no alignment effect for TFPG has been observed.(7) For the industrial technology efficiency improvement, foreign direct investment is the external power, urbanization is the internal force, independent R&D together with science and technology input is the kernel motivation, and the increase of income per capita is the support factor, while the structure for state property right and the economic heavy tendency become the restriction and obstacle.
Keywords/Search Tags:Industrial growth effciency, Sustainability, Energy restriction, TFPG, SFA mode, Technical progress, Technical efficiency, Influence factors
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