From the editor

• Why Supply-Side Reform Matters to China

  金碚;

  <正>The Central Economic Work Conference held in December 2015 called for efforts to"stabilize economic growth by paying greater attention to supply-side reform."Since then,supply-side reform has become a major topic of

  2016年02期 v.11 1页 [查看摘要][在线阅读][下载 7335K]
  

Trends

• Gross Final Product and GFP-Driven Economic Growth

  刘世锦;

  After analyzing the defects of gross domestic product(GDP) as a statistical indicator, this paper identifies and defines the concept of gross final product(GFP), emphasizing the attribute of GFP as the final product of a natural process and the actuator of the entire economic system. The paper also investigates the roles of foreign trade, production investment, public goods and private goods in economic growth under the GFP perspective, and explores the possibility for the GFP analytical framework to explain the economic growth process.

  2016年02期 v.11 4-12页 [查看摘要][在线阅读][下载 7335K]
  

• Efficient Resource Allocation to Take Center Stage in China's Economic Development

  吕政;

  China has basically succeeded in its quantitative catch-up with advanced economies and has now entered into a new stage of economic development focused on the greater efficiency of resource allocation. In order to achieve the objectives of the 13 th Five-Year Plan for National Economic and Social Development, efforts must be made to reform the "petty-farmer" economic mode of production while promoting specialization, modernization, and economies of scale. The restructuring and upgrade of the manufacturing sector should be focused on existing industries and the development of high-end industries while maintaining China's comparative advantage in narrowing technology gaps with advanced economies. The goal should be to transform China from a large industrial manufacturer into a competitive one. Technological innovation should be based on demand, supported by projects, carried out by firms through the social division of labor, and work to increase the capacity of large enterprises to integrate the results of innovation. Materialized labor consumption and logistical costs must be reduced, and the quality and level of urbanization must be increased. To assist productivity development, urban citizenship should be granted to rural migrant workers. In addition, the urbanization of those who remain in the countryside should be promoted in order for rural populations to enjoy the benefits of industrially robust, technologically modern and ecologically sound civilization.

  2016年02期 v.11 13-24页 [查看摘要][在线阅读][下载 7335K]
  

Focus

• Will Higher Industry Concentration Promote Food Safety?

  余建宇;莫家颖;龚强;

  Given the serious situation of food safety in China, the Chinese government has followed the policy of diverting resources to certain competitive firms and thus increasing market concentration as a means to improve food safety. This policy departs from the common practice in advanced economies of encouraging competition and restraining excessive corporate expansion. Based on the theoretical analysis framework of game theory, this paper investigates the impact of increased industry concentration on food safety. Our study finds that in a market environment where quality food enjoys a high premium, greater evenness of corporate size across firms will be conducive to mutual cooperation among firms for the provision of quality and safe food. Yet if the market is less sophisticated and the premium for quality food is low, it will be difficult to form mutual cooperation among firms and easier for low quality food manufacturers to take a free ride. In these circumstances, the larger size of quality food firms will make them less vulnerable to be affected by free rides and more motivated to manufacture quality and safe food. The latter scenario is consistent with China's market reality. Hence, increasing industry concentration in the current stage is conducive to mitigating the food safety crisis. Yet with the gradual improvement in market conditions, a competitive policy will be a better option in the long run.

  2016年02期 v.11 25-38页 [查看摘要][在线阅读][下载 7335K]
  

• Anti-Competitive Effects of Discriminatory Licensing for Standards-Essential Patents and Antitrust Policymaking

  唐要家;尹温杰;

  Antitrust examination of discriminatory patent licensing fees imposed by companies who own standards-essential patents(SEPs) is a difficult issue in antitrust law enforcement. After studying Huawei's litigation against IDC and China's anti-monopoly investigation of Qualcomm, this paper creates a vertical oligopolistic game theory model to demonstrate that discriminatory licensing fees imposed by firms with patent monopoly will lead to the collection of high licensing fees from downstream low-cost firms, weaken their competitive advantage, reduce their output and market share, impede their follow-up innovations, and generally harm the social welfare. Therefore, charging high discriminatory licensing fees constitutes an act that harms competition and should be prohibited by antitrust law. Antitrust examination of discriminatory licensing fees should make assessments primarily on the basis of the FRAND principle. Antitrust examination may adopt a triple-structure method to assess the reasonableness of licensing fees, but antitrust authorities should avoid directly prescribing the level of licensing fees and should safeguard the effectiveness of transaction mechanisms based on free negotiations among micro-level entities. Antitrust remedies should follow the principle of "intervening in the price formation mechanism rather than prescribing the level of licensing fees."

  2016年02期 v.11 39-50页 [查看摘要][在线阅读][下载 7335K]
  

Global

• Comparison of Modernization Paths between China and Japan

  李超;韩江波;穆尧芊;张中鹏;

  China twice missed the opportunities of industrial revolution during the late Qing Dynasty, and fell behind Japan both in economic growth and modernization level. Faced with the historic opportunity of the third industrial revolution, China seized the first window of opportunity through opening-up and reform. However, how to seize the second window of opportunity provided by the new technological revolution to catch up in technologies and industries becomes the key issue for China in upgrading China's economy and transitioning from "made in China" to "intelligent manufacturing in China." Based on theoretical models and numerical simulations, this paper summarizes and analyzes the different industrial and technological evolutionary patterns of China during the Modernization Movement in the Qing Dynasty and Japan during the Meiji Restoration. The main finding of this paper is that an economy can only expand its overall products in the most convenient way and maximize economic surplus when it chooses the appropriate technology which suites its own factor endowments for production. This implies that governments of late developing countries should focus on the structural upgrade of their factor endowments instead of purely pursuing advanced industries and technologies.

  2016年02期 v.11 51-63页 [查看摘要][在线阅读][下载 7335K]
  

• Capital and Labor Allocation Structure and China's Economic Growth

  辛超;张平;袁富华;

  Using sector-specific growth accounting method, this paper investigates the growth effect of inter-industry allocation of capital and labor in China. This paper has found that existing investment data are classified according to investment entities rather than user entities and directly using such data for the measurement of capital inventory of various sectors will seriously overestimate the capital inventory of tertiary industry and lead to distorted conclusions of "structural burden" of capital allocation and its serious violation of the principle of efficiency. By excluding real estate sector, this paper has found that after the 1990 s, inter-industry capital allocation had been generally consistent with the principle of efficiency and the effect of capital allocation structure is not significant. Our estimates also found that the growth effect arising from the inter-industry allocation of labor since reform and opening up averages 0.63 percentage points, which is significantly positively correlated with residual economic growth rate and residual TFP and demonstrates a decade-long "reform cycle." According to the comparative study on the effect of labor allocation structure of 37 other countries and regions, by 2017, the effect of China's labor allocation structure will continue to remain in a relatively high stage; between 2017 and 2023, structural effect will significantly diminish and deceleration pressure will rise swiftly; after 2030, the effect of labor allocation structure will linger in a low level stage, when economy is likely to enter into a stage of low growth rate. These findings will help us better assess future economic growth tendencies.

  2016年02期 v.11 64-81页 [查看摘要][在线阅读][下载 7336K]
  

Domestic

• Intergenerational Transmission of Income Gap for Chinese Urban and Rural Households

  徐晓红;

  An accurate understanding of the intergenerational transmission of income gap is the foundation for theoretical research and policy formulation to address this issue. This paper has employed the method of two sample instrumental variables to effectively integrate CHIP data and CFPS data and correct the temporal income bias, life-cycle bias and coresidence bias, which are common problems in existing studies, and investigated the tendencies of intergenerational transmission of income gap for China's urban and rural households between 2002 and 2012. Results of empirical study indicate that the intergenerational transmission of income gap for China's urban and rural households has been on the decline yet the level of intergenerational transmission is greater for urban residents than for rural residents. This level of intergenerational transmission of income gap in China is at a medium international level lower than that of countries like the United States, Brazil and Japan and higher than that of Sweden and Chinese Taiwan. Further analysis of the intergenerational mobility of various income groups suggests the following: the intergenerational solidification of the bottom and top income groups of urban residents has significantly improved, which is the source for the reduction of intergenerational transmission of income gap. Rural residents of bottom income group are vulnerable to falling into the trap of intergenerational transmission of low income. In order to mitigate the intergenerational transmission of income gap, efforts must be made to improve educational allowance policy and increase the opportunities for children from poor and underprivileged families to receive education and to eliminate the divide of labor markets to create equal job opportunities for each and every worker.

  2016年02期 v.11 82-94页 [查看摘要][在线阅读][下载 7335K]
  

• Does China's Anti-Corruption Campaign Promote Corporate Innovation?

  党力;

  Vigorous anti-corruption campaigns launched by China since the 18 th CPC National Congress have produced an extensive impact on China's political and economic landscapes. From the micro-perspective of corporate innovation, this paper investigates the effects of anti-corruption efforts on corporate behavior. This paper has found that seeking political connections and promoting innovation are mutually substitutable means of development for firms. Anti-corruption efforts have increased the costs for firms to seek political connections and thus raised the incentives for corporate innovation. After the launch of anti-corruption policies, the level of corporate innovation significantly increased. In particular, R&D spending increased significantly for firms previously with political connections. Anti-corruption efforts have promoted overall corporate innovation. This paper has also found that the effects of anti-corruption efforts on corporate innovation are heterogeneous at the provincial level. For firms previously with political connections in provinces with a high anti-corruption intensity, the level of innovation increased more significantly. Given the controversies concerning the effects of the recent round of anticorruption campaign on economic growth, this paper provides new evidence that anticorruption efforts are favorable to corporate innovation. Considering the endogenous problem, this paper has adopted the policy experiment of anti-corruption efforts after the 18 th CPC National Congress and the difference-in-differences(DID) technique.

  2016年02期 v.11 95-108页 [查看摘要][在线阅读][下载 7335K]
  

Business

• China's Industrial Capacity Utilization: Sectoral Comparison,Regional Differences and Determinants

  梁泳梅;董敏杰;张其仔;

  Using provincial-level data, this paper has estimated capacity utilization, technical efficiency and equipment utilization for China's industrial sectors, conducted a comparative analysis of capacity utilization across various sectors, provinces, municipalities and autonomous regions, and discussed the determinants of capacity utilization. We have reached the following conclusions:(1) China's average industrial capacity utilization stood at 69.3% between 2001 and 2011, rising for most of the time before 2008 and generally declining afterwards;(2) among the two sources of capacity utilization, equipment utilization is lower than technical efficiency and constitutes a major factor affecting capacity utilization, yet technical efficiency has demonstrated a significant trend of decline in recent years;(3) at the industry level, industrial capacity utilization is generally high for light industries such as textiles while generally low for mining, public utilities and heavy industries in manufacturing;(4) at the regional level, capacity utilization, technical efficiency and equipment utilization are much higher in the eastern region than in the other regions, where the levels are relatively close to each other;(5) economic growth and the level of market-based operation have a significant positive correlation with capacity utilization, while industry capital intensity, the share of output value from SOEs and local government investment intensity have a significant negative correlation with capacity utilization.

  2016年02期 v.11 109-125页 [查看摘要][在线阅读][下载 7335K]
  

China Data

• Annual Data

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  2016年02期 v.11 126页 [查看摘要][在线阅读][下载 7334K]
  

• Monthly Data

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  2016年02期 v.11 127页 [查看摘要][在线阅读][下载 200K]
  

• 工业经济研究所2016年博士后研究人员招收启事

  <正>中国社会科学院工业经济研究所博士后科研流动站成立于1995年,具有应用经济学科和工商管理学科博士后招收资格。根据全国博士后管理委员会和我院的有关规定,现就我所2016年博士后流动站招收工作通知如下:一、博士后人员申请资格1.坚持正确的政治方向和学术导向,遵纪守法,遵守我所的各项规章制度,无不良记录。2.在国内外获得博士学位,年龄35岁以下,有相关专业知识背景,较高的外语水平,身体健康。

  2016年02期 v.11 2页 [查看摘要][在线阅读][下载 606K]
  

• 中国社会科学院工业经济研究所2016年度招聘公告

  <正>中国社会科学院工业经济研究所是专门从事工业经济、企业管理和区域经济等学科研究的国家级社会科学研究机构,根据工作需要,2016年度拟面向社会招聘科研人员2名,具体如下:一、引进人才类别及数额应届博士毕业生2名(京内生源、京外生源各1名)二、招聘条件1.政治素质高,身体健康,品学兼优,治学态度端

  2016年02期 v.11 128页 [查看摘要][在线阅读][下载 940K]
  

• 首届“全国区域经济学博士后论坛”征文启事

  <正>为进一步提高博士后培养质量,更好地位博士后研究人员搭建交流平台,由中国社会科学院,全国博士后管理委员会与中国博士后科学基金会共同主办,中国社会科学院博士后管理委员会,中国社会科学院工业经济研究所和安徽大学·合肥区

  2016年02期 v.11 129页 [查看摘要][在线阅读][下载 867K]
  
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