Institutional Transaction Costs,corporate Transfer And Regional Productivity

Since China's reform and opening up,the east with the natural geographical advantage and policy advantage early,in the cycle of new economic geography under the action of causal mechanism,promote the industrial agglomeration and economic growth,and the central and western regions into elements,raw material suppliers,formed the development pattern of "core-periphery".The flow of elements in the process obviously affects the total factor productivity of the region,and the policy advantage or the institutional transaction cost is the basic situation of China's regional economic development.Therefore,it is necessary to prove the institutional transaction cost,industrial transfer and regional productivity Mechanism,for the realization of regional endogenous economic growth has a certain theoretical and practical significance.On the "new" new economic geography model based on the heterogeneity of the enterprise,this paper divides the institutional transaction cost into order to study the internal relationship between the institutional transaction cost,the industrial transfer and the regional productivity.Theoretical studies show that regional institutional trading costs will cause industrial relocation,but exist domain values.When north of institutional transaction costs in a certain domain values range and gradually reduce,due to the effect of the choice of enterprises,enterprises in southern will be in the order from high to low productivity in turn off to north,northern end average productivity decline,and the market share is increasing;When the transaction costs gradually increase and higher than the threshold limit,due to the classification effect of enterprises,the northern enterprises in accordance with the order of low productivity to the south in turn,with the transfer to the south of the number of enterprises increased,causing the northern region The average productivity level gradually increased,but the market share gradually smaller.Based on theoretical analysis,the use of China's30 provinces(except Tibet)data from 2000 to 2014,according to the sales force automation(SFA)methods of measuring the total factor productivity of each province,with a panel fixed effects regression model,the empirical results showthat the higher institutional trading costs,will lead to reduce the share of industry in the region,but will improve the level of productivity in the region,coefficient of 0.00645.Finally,in order to improve the regional productivity level,we must pay attention to the concern of the system transaction costs,in order to reduce the regional system of transaction costs to provide policy recommendations.