Mechanism Analysis And Government Regulation Of The High-income Formation Of The Oil Industry In China

At the present stage, to reduce the income gap is an important reform in the process of economic development. Now, the income gap is still very large and expand more obviously, especially that the income difference among different industries is the basic link. It is thought that proper income gap may have a positive effect on promoting the rational flow and transformation of the elements of industry and improving the productivity of the workers. However, improper income gap would reduce their enthusiasm of production and hinder the development of the productive forces, and even lead to the social unrest. The key division of rational and irrational is the fair. On the one hand, the input and reward is fair, on the other, the development opportunity is fair. Now, our income gap between different industries has been more than three times, especially among the monopoly industries and competitive industries. For one thing, high-income of monopoly industries reduce the productivities and economic benefits of the industries of low-income, and conductive to the health development of the industry, for another, the monopoly industries acquire more profit by monopoly position, and carve up surplus value of all citizens, and may hinder the proper flow of elements of industry and even raise the unrest things. So, reduce and control the income gap is important to ensure the stability of our social and economic development.For the oil industry, in the early stage, as our low technology and backward management system, the development of our oil industry is not very well. There are many low production efficiency of big companies, and many small companies would close down or merge, so, through the support of the stage administration power and capital technology, government is formulating the policy support to rectify the downturn of oil market. Gradually, the production of the oil industry is much improving, and formulating the administrative monopoly industry. However, with the development of our economy, the technology and management of other companies have been conformed to the demand of the productivity level, but they are still out of the oil market, therefore, deregulation and competition mechanism would help to improve the productivity of whole society. Besides the factor of monopoly, there are different degree of impact on human capital and industry characteristics, hence, based on the oil industry, this article analyzes and predicts the status and trends of the oil industry, explains the reason of high income, and gives the according suggests.Firstly, this article analyzes the income of oil industry by using absolute index, trough the data we can conclude that, the income level of the oil industry increase gradually with the increase of the time. Further more, we predict the development of the income of oil industry by Box-Jenkins model, the results suggest that, if we maintain the current policy and economic environment, the income of the oil industry would increase larger, so, the most pressing need is to explore the main reasons and find the specific ways. Secondly, according to the research of other scholars, we attribute the reasons to four factors, including monopoly, human capital, industry characteristics and lack of owner. As noted, we get six explanatory variables, this paper uses the annual reports as the data sources and median regression as the method, through Fei-Ranis model and dummy variable model, and reaches the similar conclusions:for the factors that affect the income gap between different industries, monopoly is the main reason, industry characteristics and human capital is the second reason, and personal characteristic is not the main reason. Thirdly, according to the analysis above, we have some suggests based on the oil industry:first, the government should transform its function, deregulation and introduce a competition mechanism to change the administrative monopoly position of oil industry; next, standardize the management of government, establish a rational income distribution policy and improve the relevant laws; at last, perfect the market mechanism, establish the labor market and promote the rational flow of resources, and finally improve the comprehensive quality.