- 江小娟;
This paper demonstrates how modern technologies, especially the Internet, are transforming the nature of the service sector, leading to extensive resource reorganizations and integrations, and fundamentally challenging traditional theories on service-based economy, e.g., the assumption that the service sector is inefficient no longer holds true, it is difficult for the neoclassical price theory to explain service price formation and people's consumption rationality has changed. Meanwhile, economic issues associated with the Internet, such as Internet economics, platform economics and information product pricing, also need to be investigated. Theoretical research and innovations also need to be carried out to investigate questions like how to protect privacy without preventing the use of data, as well as the complexities of "cultural and psychological consumption."
2018年05期 v.13 2-11页 [查看摘要][在线阅读][下载 3737K] - 张晓晶;李成;李育;
A distortion is a departure from the allocation of economic resources from the state in which each agent maximizes his/her own welfare. Distortions can be divided into endogenous distortion(i.e. market imperfections) and policy-imposed distortion. The relationship between distortion and development is complex, thus favorable distortion would only be possible under certain conditions, where, as argued in this paper, four crucial mechanisms may play roles — advantage of backwardness, second-best principle, coordination failure and political economy perspective. Empirically, both international experience and evidence from China suggest that distortions have a positive effect on total factor productivity(TFP) in the early stages of development, but with increasing income levels this role gradually diminishes. Especially in the phases of middle and high income, the negative effects of distortions are significant and become an important factor leading to the middle-income trap. Therefore, reducing and correcting distortions is the key to achieving sustainable growth. Regarding China, it is necessary to eliminate the distortions in a clear way and let the market play the decisive role in resource allocation. Otherwise, in the name of "growth catch-up," the policy-imposed distortion will occur frequently, and the direction of market-oriented reform will become blurred and swing. Mitigating unfavorable distortions is largely a process of exploring the favorable borderline of government and market, which constitutes a major challenge for all economies.
2018年05期 v.13 12-34页 [查看摘要][在线阅读][下载 3737K] - 欧阳峣;汤凌霄;
Over the past four decades, China has achieved prosperity in economics as well as economic development. Without doubt, China's experience offers inspirations to economic theories. In this paper, we attempt to identify the theoretical implications of China's growth journey. By casting light on China's innovation path, this paper presents a coherent theoretical framework of economic principles to answer the following questions: How did China as a large country form its innovation advantages by virtue of its market size? Why did China as a late-moving country choose imitative innovation in catching up with other countries? How did China develop its own innovation advantages during its economic transition? In developing a system of economic discourse for China's innovation path, it is necessary to take stock of China's economic history and international experiences in relation to the wisdom of economic philosophies.
2018年05期 v.13 35-46页 [查看摘要][在线阅读][下载 3737K] - 蔡跃洲;付一夫;
TFP growth may derive from both technology progress(technical effect) and factor allocation(structural effect). Using China's macroeconomic and industrial data, this paper decomposes China's TFP growth on the basis of growth accounting to cast light on China's growth sources since reform and opening up in 1978. Our study has led to the following findings:(1) From 1978 to 2014, China's economic growth was of generally good quality, and about 1/3 of growth momentum stemmed from a general technology improvement.(2) After 2005, China's late-mover advantage diminished due to narrowed technology gaps with advanced economies. This resulted in a sharp decline in the contribution of technology progress to growth. However, structural effect contributed a steadily increasing share to China's growth.(3) After global financial crisis in 2008, there has been a tendency of reverse technology progress in terms of factor allocation in sectors with excess industrial capacity and other sectors like finance and real estate. Therefore, China should divert its factor resources to more tech-intensive and efficient sectors in the short run, and strive to promote technology progress in all sectors in a longer timeframe.
2018年05期 v.13 47-59页 [查看摘要][在线阅读][下载 3737K] - 陈林;
Despite a multitude of theoretical discussions on China's mixed ownership reform, very few studies have addressed realistic questions concerning the implementation of the reform. The Resolutions of the Third Plenum of the 18 th CPC Central Committee and other reform strategies have outlined the reform of sectors with natural monopoly, including urban public utility sectors. The question is how mixed ownership reform should be carried out in sectors of natural monopoly, or which public utilities sectors should enjoy priority of mixed ownership reform. To answer this question, this paper employs data of large public utility enterprises in China from 1998 to 2008, and estimates the natural monopoly attribute at the industry level and corporate total factor productivity(TFP) using cost function analysis method excluding the impact of product price factor. Based on the difference-indifferences-in-differences(DDD) method of natural experiment, an empirical test is carried out for the relationship among natural monopoly, mixed ownership reform and corporate productivity. Our results suggest that:(1) Statistically, mixed ownership reform cannot significantly increase corporate TFP in sectors with natural monopoly;(2) mixed ownership reform should not be carried out indiscriminately on a nationwide basis and for all public utilities sectors. Such an attempt of reform without distinguishing natural monopoly and the level of competitiveness is fraught with policy uncertainties;(3) relative to sectors with natural monopoly, corporate productivity in competitive sectors after mixed ownership reform will improve more significantly and enjoy greater "policy dividends" of institutional reform. Therefore, mixed ownership reform should be carried out first in competitive sectors.
2018年05期 v.13 60-83页 [查看摘要][在线阅读][下载 3737K] - 王美艳;
Based on China urban labor survey data of 2016, this paper investigates the differences in consumption level and structure between the new and previous generation rural migrant workers in China and identifies the determinants of migrant workers' consumption. According to descriptive analysis, the new-generation migrant workers' households spend 26% more on an annual per capita basis compared with their previous generation. More specifically, the new-generation migrant workers' households spend 33% more on clothing, food, housing and travel, and 10% more on healthcare on an annual per capita basis compared with their previous generation, while their per capita spending on education is only 73% that of their previous generation. Result of regression analysis shows that with other factors under control, the new-generation migrant workers' households spend 14.9% more on clothing, food, housing and travel compared with their previous generation, and their per capita gross consumption is 10.9% higher than that of their previous generation. Consumption elasticity for clothing, food, housing and travel among the new-generation migrant workers' households and their overall consumption elasticity are both significantly higher than those of the previous generation migrant workers' households. Compared with their previous generation, the spending of the new-generation migrant workers' households on clothing, food, housing and travel represents a higher share of their overall consumption, and the share of their educational consumption is even lower.
2018年05期 v.13 84-98页 [查看摘要][在线阅读][下载 3737K] - 刘钻石;张娟;
This paper investigates the structural upgrade of China's commodity trade over the past two decades from the perspectives of commodity categories, technical value-added and quality level. Based on the analysis of commodity categories, technical value-added and quality, this paper arrives at the following findings: High technology manufactures accounted for a growing share of China's commodity export, the overall technical level of Chinese exports significantly upgraded, and most of Chinese commodities upgraded from low quality to medium-and high-quality levels. As can be seen from the structure of China's bilateral trade with its five major trading partners, China's exporting goods remained inferior to importing goods in terms of technology and quality despite their quality upgrades.
2018年05期 v.13 99-115页 [查看摘要][在线阅读][下载 3737K] - 屈小博;
Using micro-level data from China Employer-Employee Survey(CEES), this paper conducts an empirical analysis of firms' heterogeneous characteristics in the implementation of the Labor Contract Law and its effects on employees. Our findings are as follows: With China's economic development, firms more proactively implement the Labor Contract Law, resulting in a higher percentage of employees with labor contracts. Labor contracts significantly increase the probability of employees in receiving social insurances, such as pension, health, unemployment, work injury and birth insurances, and have a significantly positive effect on wage income. Longer term of labor contract corresponds to stronger employment protection, and such an effect is highly robust. Larger firms with higher capital-labor ratios have better results in implementing the Labor Contract Law. And employees of private and labor-intensive firms have poorer coverage of employment and social protection; such firms should be given focal attention in the law's implementation.
2018年05期 v.13 116-126页 [查看摘要][在线阅读][下载 3737K] -
<正>China Industrial Economics(CIE)is a national academic monthly journal sponsored by the Institute of Industrial Economics of the Chinese Academy of Social Sciences.Committed to exploring theories and facilitating their application,CIE was founded with the mission to publish the latest research results of industrial economics and business administration.It serves as a window for international scholars and managers to keep
2018年05期 v.13 129页 [查看摘要][在线阅读][下载 303K] 下载本期数据