市场进入与经济增长——以中国制造业为例的实证分析
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| Title | Market Entry and Economic Growth: Evidence from Chinese Manufacturing Industry
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| 作者 | 李坤望 蒋为 |
| Author | Li Kunwang and Jiang Wei |
| 作者单位 | 南开大学经济学院 |
| Organization | NanKai University |
| 作者Email | likunwang@nankai.edu.cn；weijiang923@mail.nankai.edu.cn |
| 中文关键词 | 市场进入 经济增长 中国制造业 |
| Key Words | Market Entry; Economic Growth; Chinese Manufacturing Industry |
| 内容提要 | 本文从动态资源再配置的角度，讨论市场进入对中国经济增长的总体影响，对中国经济增长过程与机制提供一个微观解读。利用1998—2007年中国制造业企业数据，本文对市场进入的增长效应进行了实证分析。实证结果表明：中国制造业具有活跃的市场进入率，进入率较高的行业与地区增长绩效往往也较好，即市场进入率与经济增长率之间呈显著的正相关关系；虽然新进入企业平均只占制造业增加值的7.5%，但对经济增长的平均贡献却高达46.3%；新进入企业在进入市场后的增长速度显著高于其他企业，但增速却随着企业进入时间的延长而逐步降低，最终收敛至在位企业的增长步伐。进一步，本文利用计量模型，对新进入企业推动中国经济增长的微观机制进行了辨识，结果证实：市场选择效应与学习效应均是市场进入推动中国经济增长的重要微观机制。 |
| Abstract | We studies the overall effects of market entry on economic growth and provide a microscopic interpretation of the economic growth process and mechanism in China from the perspective of dynamic resource reallocation. Using the manufacturing firms’ data in China from 1998 to 2007, the paper conducts an empirical analysis on the growth effect of market entry. The results finds that market entry is active in the Chinese manufacturing industry and the industries with higher entry rate grow faster. Although new entrants only contribute 7.5% to total value added for the manufacturing, the average contribution to economic growth is as high as 46.3%. New entrants rate grow faster than that of other enterprises in the post entry periods, but the slowing down growth rate convergences to the incumbent firms’ pace of growth. The last but not the least, the paper uses econometric model to identify the micro mechanism that entrants promote the Chinese economic growth. The results finds that market selection and learning effects are all important mechanism to promote economic growth in China. |
| 文章编号 | WP834 |
| 登载时间 | 2015-03-10 |
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