The Synergistic Growth Effect of Factor Income in the Governance of Overcapacity under the Background of Common Prosperity
Theoretical analysis of the impact mechanism of overcapacity governance on labor income and capital return rate,and empirical research through matching manually collected overcapacity governance data with Chinese industrial enterprise data.The results show that technological progress is an important driving force for the growth of labor income and capital return rate in China,and overcapacity governance further strengthens this positive effect.Mechanism analysis shows that overcapacity governance produces an optimization effect on enterprise structure by forcing inefficient enterprises to exit and promoting efficient enterprises to enter.This effect is heterogeneous between overcapacity and non overcapacity industries,which in turn leads to an optimization effect on industrial structure in overcapacity governance,thereby promoting the improvement of capital return rate;The governance of overcapacity promotes the improvement of industry average capital return rate by widening the technological gap between non overcapacity industries and overcapacity industries.Simultaneous equation analysis shows that the governance of overcapacity drives technological progress and structural optimization of enterprises,promotes the coordinated growth of labor income and capital return rate,and presents a promoting effect on common prosperity.This research result helps to deepen the understanding of the implementation effect of overcapacity governance policies and the promotion mechanism of common prosperity.
governance of overcapacitylabor incomecapital returncommon prosperitytechnological progress
万方数据
维普
