本文基于Hsieh and K1enow模型,将资源错配测算扩展到行业间层面,比较了中国各地区资源错配程度的差异.并对影响资源错配的政府干预因素做回归检验。研究发现.中国总体和行业内资源错配程度先降后升。行业间资源错配程度则缓慢上升,行业内和行业间错配分别造成了实际产出和潜在产出之间30.25%和4.72%的缺口;中西部地区的资源错配程度明显高于东部地区:财政补贴、金融抑制、行政性市场进入壁垒对行业内资源错配具有显著影响.而劳动力流动管制、金融抑制则对行业间资源错配作用明显。这对中国深化经济领域改革.推动市场化进程.促进地区全要素生产率增长具有重要政策含义。
This paper extends the Hsieh and Klenow model to measure the resource misallocation from the industry level. It compares the levels of misallocation in China's different areas and tests the government's policy factors by regression. The results indicate that the overall and within-industry misallocation index firstly decreases, and then increases, however, the between-industry misallocation index increases all the time. The level of misallocation in the central and western regions is higher than that of the eastern region. The misallocation within- industry and between-industry induces 30.25% and 4.72% gap between real output and potential output respectively. Fiscal subsidy, financial depression and administrative barrier have significant effects on the misallocation within-industry,and labor mobility control and financial depression influence the misallocation between- industry. It has important policy implications for China's economic reform to promote the process of marketization and regional TFP growth.