| After the international financial crisis in 2008, the potential growth rate of Chinese economy is declining with the institutional and structural contradictions interweaving. The mode of factor-driven economic growth that depends on large-scale expansion of production capacity gradually becomes invalid. On the contrary, the pattern of innovation-driven to improve the quality of economic growth may be the new force of Chinese economic development and reform. Industry is a major production department of national economy. Industrial products’ quality improvement and factor inputs’efficiency elevation are considerablely important to the development of industry and the growth of macro economy.According to the type of ownership, industrial enterprises can be divided into public ownership and non-public ownership enterprises generally. The two kinds of enterprises have significant differences in the mode of development so that their roles in the quality improvement of economic growth are not the same. Therefore, decomposing and comparing the growth quality differences between public ownership and non-public industrial enterprises are instructive in the elevation of economic growth quality.Value-added rate is an important measure of the enterprise growth quality. Based on the reorganization of previous achievements and the distribution characteristic analysis of the value-added rates of Chinese industrial enterprises, this paper established a theoretical analysis framework of the value-added rate influencing factor of industrial enterprises in our country, selected micro-level industrial enterprise data to estimate parameters for the value-added rate model, used quantile decomposition method to study distribution of industrial enterprises, then divided industrial enterprises into public ownership and non-public ownership enterprises by the type of ownership. By Oaxaca-Blinder decomposition and dynamic JMP decomposition method, this paper did some research on the differences and their variations between the value-added rates of public and non-public ownership enterprises using static and dynamic decomposition methods, depth analysis of the differences between two types of industrial enterptises values-added rate and change features. The conclusions are as follow:(1) The value-added rates in China’s industrial enterprises increased before they decrease. From 1998 to 2003, the proportion of the value-added rates in intermediate of industrial enterprises in our country proportion is rising, the proportion of enterprises in low and high score digits are slightly lower, factor endowment superiority and low return effect are exist in the industrial growth. From 2003 to 2007, the kernel density function curve of the value-added rates distribution move right, elements and effects of returns are driving the industrial enterprises value-added rates increase, but the magnitude of value rates increase is not big. Compared with 2007, the value-added rates of industrial enterprises dropped significantly in 2011 and highly concentrated at a low level, the negative endowment and low return effect drive the value-added rates dropped significantly. (2) Due to the superiority of ownership system and "ownership preference" in policy making, the growth quality of public ownership enterprises is higher than that of non-public enterprises. Compared with the factors’ input, factors’return has a more significant role in the differences’ formation of value-added rates between public and non-public ownership enterprises. In other words, endowment income effect is greater than endowment characteristic effect in each year which dominates the value-added rates difference change of the two type enterprises. (3) The promote measures of Chinese non-public enterprises do greatly improve the value-added rates of their developments leading to the gap narrowing between the value-added rates of public and non-public ownership industrial enterprises. The collaborative improvement pattern of various ownership industrial enterprises’ growth quality has gradually formed.The development of China public ownership enterprises, especially the reform of state-owned industrial enterprises, should center on improving the quality of growth, with the target of releasing the dividends of state-owned enterprises reform and improving the efficiency of capital operation in public ownership enterprises, and constantly improve the management system of public enterprises. In contrast, non-public industrial enterprises have inherent limitations such as small scale, bad income and lack of ability to resist risks, the government should give equal treatment for non-public enterprises in market access, financing, policy support and other aspects, eliminate the various invisible barriers caused by ownership discrimination, and ensure that non-public enterprises equal use of production factors, fair to participate in market competition, so as to achieve the rights of factor reasonable return.In this paper, the main innovation place is as follows:On the basis of the microeconomic theory, theoretical analysis from the point of external market environment and the internal inputs affecting the value-added rates of industrial enterprises, build the theory model of the value-added rates of industrial enterprises increase; use a variety of decomposition methods to decompose the value-added rate gap of industrial enterprises, and use static and dynamic decomposition method on public ownership and non-public enterprise value rate gap, more comprehensively analyzes the gap of value-added rates and variation characteristics between the industrial enterprises, provide important reference for the relevant departments to formulate scientific decision; compare the value-added rates between the public sector of the industrial enterprises and the non-public sector, on the research angle of view has the certain innovation, help relevant government agencies and departments to develop specific and appropriate policy according to the specific features of different types of industrial enterprises. |
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