| The problem of overcapacity has gradually become an important factor restricting China's economic development and hindering the transformation and upgrading of Chinese enterprises.Since 2006,the country has issued policies aimed at addressing overcapacity,mostly in the regulation of specific industries.Based on the research on overcapacity in China and abroad,this paper sorts out and analyzes the general forming mechanism of excess capacity mentioned in the existing research,and puts forward the concept of ‘technical overcapacity' based on the existing theories.Then,this article selects the data envelopment analysis method to measure China's 35 industries' capacity utilization in 2000-2014,and innovative joined the energy input in the process of measuring,which let the measure results more in line with the actual situation of China's industries.According to the capacity utilization rate of the measure,the comparison and analysis of the overcapacity situation in industries and some specific industries are carried out.Finally,in view of that theoretical analysis and present situation analysis,the panel data model is used to make an empirical analysis on the relevant influencing factor of overcapacity.In this paper,we find that the industrial overcapacity in China is generally serious,and there is an obvious correlation between the degree of industrial overcapacity and the technical level of the industry.It points out that the technological level affects the formation and dissolving process of overcapacity in five aspects,such as entry barrier,supply efficiency,supply structure,enterprise exit and product export,which leads to the production of ‘technical overcapacity' in China's industrial sector.The paper also verifies the influence of industry competition degree,investment proportion,export capacity and capital intensity on excess capacity through empirical research.On this basis,the author puts forward some corresponding policy suggestions,including enhancing the enterprise's ability of independent innovation,insisting on "bring in" and "go global" strategy,exerting the government's market regulation function effectively,and carrying out the classified management of overcapacity. |
PDF Full Text Request