Study On Factors Market Distortion And Industrial Efficiency Loss

Production factors are the necessary conditions for the production of informationmaterial, and have the basic position in social production. An important manifestation ofthe basic position is that the price of factors is the price of social reproduction base, theformation and change of its price influence the physical products and services fromdifferent aspects and different angles of the market price level. Under the conditions ofcompetition, the price mechanism can accurately and flexibility to reflect the relativescarcity of economic resources and dynamic change, when the price is not determinedby the market competition in a twisted state, price structure does not accurately reflectthe relative abundance of economic resources, the enterprise also can not be based oncomparative advantage to choose their own industry and technology, leading todistortion of resources allocation, rent-seeking activity is rampant, macroeconomicinstability and low efficiency of the whole economy. Manufacturing industry, as a pillarindustry of national economy, a higher proportion of research in production,factormarket distortions make our research to manufacturing industry efficiency is morerepresentative. Some scholars measured the manufacturing technology efficiency offactor market distortion degree of the industrial structure, but the inherent mechanism,the loss factor market distortion and industrial efficiency caused by the distortions anddoes not have the further research.This paper analyzes the inside mechanism of factor market distortion and theindustry efficiency loss,measuring the technical efficiency evaluation of nationalmanufacturing industry, based on studying the influence of industry factors efficiency,analyze the volatility factor prices impact on the efficiency of the industry, so thatprovide the reference suggestions and make the development of local economy morereasonable.