中国省际资本边际报酬再估算及无谓损失评估

发布时间：2018-09-11 19:55

【摘要】：考虑到中国省际资本品与最终产品的价格可能存在差异,本文利用中国省际宏观数据,重新估算了1993～2008年中国各省份的实际资本边际报酬,推算均衡人均资本与产出,由此计算出产出无谓损失。研究表明,与名义资本边际报酬类似,我国各省份的实际资本边际报酬呈现人均产出较高的东部地区高于人均产出较低的中西部地区的状况。资本边际报酬的显著差异说明我国存在资本的无效率分布。据计算,资本无效分布造成的产出无谓损失大致占当年总产出的7%～10%左右。其中,近90%是由于政府干预下资本流动受阻造成的无谓损失,而由于投资价格水平差异造成的损失仅占10%。
[Abstract]:Considering the possible differences between the prices of capital goods and final products between provinces in China, this paper reestimated the real marginal return of capital from 1993 to 2008, and calculated the equilibrium per capita capital and output by using the macro data of Chinese provinces. The useless loss of output is thus calculated. The study shows that the actual marginal returns of capital in the provinces of China are higher than those in the central and western regions where the per capita output is higher than that in the central and western regions where the per capita output is higher than the nominal marginal returns of capital. The significant difference in the marginal return of capital indicates that there is an inefficient distribution of capital in China. It is calculated that the useless loss of output caused by invalid distribution of capital accounts for about 7% or 10% of the total output in that year. Nearly 90% of the losses were caused by the obstruction of capital flow caused by government intervention, while only 10% were caused by the difference in investment price level.
【作者单位】：厦门大学经济学院宏观经济研究中心;
【基金】：国家自然基金项目“中国季度地区经济模型的开发与应用”(71073130) 教育部文科重点研究基地2008年重大项目“我国货币政策区域效应研究”(08JJD790136)、“我国宏观经济运行的微观基础研究”(08JJD790134)的资助
【分类号】：F224;F832

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