The Change of Efficiency of Factor Allocation among Different Ownership Departments and Income Distribution Pattern in China
This paper measures the degree of factor misallocation among ownership departments in China's provinces from 2011-2021,and focuses on analyzing the impact of factor allocation efficiency changes among ownership departments on income distribution patterns.Research has found that there is a serious factor misallocation among different ownership departments in different provinces.From the perspective of subdivided factors,the misallocation of factors among different ownership departments in various provinces of China was mainly caused by capital misallocation before 2017.Subsequently,the level of labor misallocation exceeded that of capital misallocation,becoming the main reason for the misallocation of factors between departments with different ownership systems in various provinces.The capital misallocation between different ownership sectors in China is mainly manifested as excessive capital input from state-owned sectors and severe insufficient capital input from private sectors,while labor factors are mainly manifested as significant insufficient labor input from state-owned sectors and excessive redundant labor input from private sectors.There is strong heterogeneity in the explanatory power of income disparities across different dimensions of factors misallocation among different ownership departments in various provinces of China.Among them,correcting the total factor misallocation between different ownership departments in various provinces of China can narrow the income gap within each ownership department;Only correcting capital misallocation has actually widened the income gap within various ownership departments;Only correcting labor misallocation can significantly narrow the income gap within various ownership departments,and its explanatory power for the income gap within each ownership department is stronger than that of total factor misallocation.Correcting the misallocation of factors between departments with different ownership systems within each province is no longer enough to narrow the income gap between provinces,but it can significantly narrow the income gap between departments with different ownership systems.In 2021,correcting the total factor misallocation,capital misallocation,and labor misallocation among different ownership departments can respectively reduce the income gap among different ownership departments by 94.72％,58.34％,and 70.39％.
Misallocation of FactorsIncome GapCommon ProsperityOwnershipTotal Factor Productivity
万方数据
维普
