The Characteristics Study of Element Marketization to Chinese Technology Progress
Journal of World Economic Research
Volume 5, Issue 5, October 2016, Pages: 83-90
Received: Dec. 9, 2016; Published: Dec. 12, 2016
Views 2795      Downloads 84
Institute of Datong Securities Asset Management, Yongbao Ji, Department of Asset Management, Datong Securities, Shanghai, China
Article Tools
Follow on us
The paper studys the mathematical model between element marketization and technology progress though Chinese provinces data. Empirical test showed that capital and labor element marketization promote Chinese technology progress significantly. Finally, threshold model showed the existence of threshold range that capital and labor element marketization promoting TFP (total factor productivity) growth. When the two crossed a certain threshold, effects of element marketization on Chinese technology progress had shown. Based on this, the article shows that achieving economic growth from the consumption of material resources to relying on technological progress needs to promote the elements market-oriented reforms.
Element Marketization, International Technology Spillovers, Technology Innovation, TFP
To cite this article
Institute of Datong Securities Asset Management, Yongbao Ji, The Characteristics Study of Element Marketization to Chinese Technology Progress, Journal of World Economic Research. Vol. 5, No. 5, 2016, pp. 83-90. doi: 10.11648/j.jwer.20160505.16
Zhang Jie, Zhou Xiaoyan, Li Yong. Does elements marketization suppress Chinese companies R & D? [J]. Economic Research, 2011(8): 78-91.
Mao Qilin. elements marketization and Chinese industrial enterprises Productivity - Based on the analysis of trade liberalization [J]. Financial Research, 2013(2): 156-169.
Shi Bingzhan, Xian Guoming. element price marketization export behavior of Chinese industrial enterprises [J]. China Industrial Economy, 2012(2): 47-56.
Wang N, SHI J. The impact of factor price distortion on China’s investment and consumption structure [J]. Finance and Trade Economics, 2015, 4: 121-133.
Dollar D, Wei S J. Das (wasted) Kapital: firm ownership and investment efficiency in China [M]. International Monetary Fund, 2007.
Koska O A, Stähler F. Factor price differences in a general equilibrium model of trade and imperfect competition [J]. Research in Economics, 2015, 69(2): 248-259.
Hsieh C T, Klenow P J. marketization and manufacturing TFP in China and India [J]. The Quarterly Journal of Economics, 2009, 124(4): 1403-1448.
Coe D T, Helpman E. International r&d spillovers [J]. European Economic Review, 1995, 39(5): 859-887.
Pakes A, Griliches Z. Patents and R&D at the firm level: A first report [J]. Economics letters, 1980, 5(4): 377-381.
Lichtenberg F, de la Potterie B P. International R&D spillovers: A re-examination [R]. National Bureau of Economic Research, 1996.
Li Ping, Xu Jiayun. Reflux study of international intelligence technology diffusion effect. - Based on Chinese regional differences and barriers empirical regression [J] Economics (quarterly), 2011, 10(3): 935-964.
Hansen B. E., “Threshold Effects in Non-Dynamic Panels: Estimation, Testing and Inference”, Journal of Economics, 1999, 93(2), pp. 345-368.
Ouyang X, Sun C. Energy savings potential in China's industrial sector: From the perspectives of factor price distortion and allocative inefficiency [J]. Energy Economics, 2015, 48: 117-126.
Science Publishing Group
1 Rockefeller Plaza,
10th and 11th Floors,
New York, NY 10020
Tel: (001)347-983-5186