Is the Modern Chinese National Industry Really Inefficient?
In this paper,the author calculated the technical efficiency of sixteen industrial sectors using the data of China's industrial survey in 1930s,combined with the stochastic frontier approach method.It is found that the average technical efficiency of modern industry is 0.526,which has a big gap from the front of production.The value of labor intensive industries is higher than that of capital intensive industries.Through screening the influencing factors,we found that a negative effect is with the technical efficiency of state-owned property right and rent system of plant industry,and expanding the scale of enterprises has a positive contribution to the technical efficiency,while increasing the degree of mechanization enterprises is not conducive to enhance the industry technical efficiency.
Technical EfficiencyStochastic Frontier ApproachModern Industry
NETL
NSTL
万方数据
