The Calculation And Influencing Factors Of Total Factor Productivity In Northeast China Under The Background Of Supply-Side Reform

Since the launch of the revitalization strategy,the northeast region has been transformed over the past ten years,and the economic quality and benefits have been continuously improved.Under the new normal,China's economy has entered into the phase of "three periods of superposition,the characteristic of economic slowdown is obvious,and the northeast region accounts for heavy industry is higher,the effect of the industrial structure are highly susceptible to the environment and the market,so the region's economy into a" winter".The growth of the North-East economy cannot be driven only by the troika;it must look for new driving forces to boost the economy.During the revitalization period,the impetus for economic growth came mainly from the investment of the state,which was effective in the short term.In 2013,the northeast economy returned to recession.Thus,to achieve long-term economic development,we must not only look for power from the demand side,but also from the supply side.Of course supply side is not only the supply of elements,it also includes technology and system and so on.These factors of production can be used to create value with technology and system as total factor productivity.Based on the above background,the use of DEA-Malmquist index to estimate of rejuvenating northeast China ten years before and after the total factor productivity growth rate and comparison,different variables of the model obtained is how to influence the total factor productivity,and on the basis of empirical analysis,to improve the total factor productivity is put forward reasonable Suggestions.This includes the following five chapters:Chapter one,introduction.Supply side under the background of the reform,a recession in the northeast,the need to seek the reality of new growth engine,which leads to the full text of the research object,total factor productivity,and describes the topics of theoretical significance and practical value.Finally,the structure framework and research methods of this paper are summarized,and the deficiency and innovation of this research are presented.Chapter two,related concepts and theoretical basis.In this chapter,the meaning of total factor productivity is introduced in the context of supply-side reform.In order to calculate the total factor productivity,the three methods of measuring it are briefly introduced:the solow residual value,DEA-Malmquist index method and stochastic frontier production function method,and their advantages and disadvantages.The third chapter is the calculation and analysis of total factor productivity in northeast China.On the basis of discussing the advantages and disadvantages of the three methods,DEAP2.1 is used to measure the total factor productivity index,and then the change trend is obtained.First,briefly introduce the two models of DEA and the principle of Malmquist index method.Then the sample selection and data processing,the use of DEAP2.1 Malmquist index from 2000 to 2015,found that before 2003 the growth rate of total factor productivity of the northeast is deteriorating,ten years during the revitalization of the index at a certain ratio to rise,growth rate from 2013 began to become negative.Chapter four,the empirical part.In the context of the new normal,the growth rate of total factor productivity begins to deteriorate,which is bound to analyze the factors that affect it.In this part,the total factor productivity is calculated by solow residual method.The explanatory variables are based on the indicators that other scholars have adopted to analyze the factors affecting factors of total factor productivity,and based on the actual situation of the northeast region.The study finds that ownership structure,import and export and total factor productivity are positively correlated,and state intervention is negatively correlated with total factor productivity.Chapter five,research conclusions and recommendations.Through the empirical analysis,in order to promote total factor productivity in northeast China put forward some Suggestions:one is by handling properly the relationship between government and market to reduce government intervention:(1)to restore the main body of market operation(2)build normative market environment;Second,developing non-public economy,mainly includes two aspects:(1)accelerate the reform of state-owned enterprises,clarify the responsibility of the government,trying to mix ownership reform,at the same time in the transformation of traditional industries at the same time,pay attention to the development in the state-owned enterprises and guide new industry(2)to develop non-public economy,relax market access standards,optimize the environment of the development of the non-public sector(3)attaches great importance to the non-public sectors of the economy,the operator to pay close attention to the non-public economy;it is to continue to expand and adhere to the reform and opening to the outside(1)to establish an open market economy system,promote competition(2)the optimization of the structure of import and export products,the diversification of trading(3)the introduction of advanced technology,to attract foreign capital.Contribution of this paper lies in:(1)most of the literature is to use the solow residual value method to measure the total factor productivity,and this paper USES DEA-malmquist index to estimate,the algorithm need not assume that the production function,and the software is easy to operate.(2)in this paper,we study the changes in the total factor productivity growth in northeast China,and according to the actual situation of northeast area,choose the main factors influencing the total factor productivity in the region,and puts forward related Suggestions to boost the growth of it,the existing literature is only measure the total factor productivity in northeast China,and there is no analysis of the factors influencing the region's total factor productivity(3)when measuring capital stock,most scholars are fixed capital stock in the whole society to take the place of capital stock,and this paper is the perpetual inventory method,this method although trival,but calculation results are close to the capital stock.The lack of this paper lies in:(1)on the influencing factors of index selection,commonly used measure of human capital by per capita education of fixed number of year,but because of the three northeast provinces statistical yearbook education that part of statistical indicators,resulted from the method.The expenditure of education in the fiscal expenditure is used to calculate the human capital,which may result in less impact on the total factor productivity of human capital.(2)the panel data selected in this paper,when calculating total factor productivity,the longer the data of DEAP2.1 and stata 13 panel are,the better.However,in the data selection,only 16 years of data in the northeast region were selected because of the lack of indicators in some years,so the empirical results showed some differences.