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AA00260481-20180000-0027  
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Title
Title Measuring mark-up ratios for China's manufacturing industries  
Kana  
Romanization  
Other Title
Title  
Kana  
Romanization  
Creator
Name 孟, 若燕  
Kana モウ, ジャクエン  
Romanization Meng, Ruoyan  
Affiliation 慶應義塾大学商学部教授  
Affiliation (Translated) Professor, Faculty of Business and Commerce, Keio University  
Role  
Link  
Edition
publisher  
Place
Tokyo  
Publisher
Name Society of Business and Commerce, Keio University  
Kana  
Romanization  
Date
Issued (from:yyyy) 2018  
Issued (to:yyyy)  
Created (yyyy-mm-dd)  
Updated (yyyy-mm-dd)  
Captured (yyyy-mm-dd)  
Physical description
 
Source Title
Name Keio business review  
Name (Translated)  
Volume  
Issue 53(2018)  
Year  
Month  
Start page 27(1)  
End page 55(29)  
ISSN
04534557  
ISBN
 
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URI
 
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Doctoral dissertation
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Abstract
‘Perfect competition’ is a necessary condition for measuring TFP growth that can also be called Solow residual when using the approach of growth accounting, contributed by R. Solow in 1950’s. The question is that in the real world, there are various interventions in product market and factor market, especially in a developing country like China. As an attempt, this study has tried to estimate the mark-up ratio for Chinese manufacturing industry, an index representing the difference between price and marginal cost, and has recalculated the TFP growth by removing such influence of mark-up, that followed the thinkings about Solow residual contributed by Hall and Roeger. This estimation covers 31 sectors and focuses on the period 1993-2010. The following are findings obtained from my measure. (1) Prices of outputs were averagely as high as three times as marginal costs across manufacturing industries in China over the period. (2) The considerably high mark power can be observed in assembly industries and material processing industries. (3) Capital intensive industries were likely to be not competitive, which may come from the large initial investments that makes more obstacles to enter the industries. (4) It was not able to be found that mark-up ratios were clearly higher in industries dominated by the SOEs, although some product markets and factor markets heavily dominated by SOEs as a matter of fact. (5) The recalculated average TFP growth by removing such influence of mark-up shows lower than primal TFP growth rate, and the recalculated average TFP growth since around the year of 2000 is suggested to begin slowdown. (6) The recalculated TFP growth provides the evidence of lower productivities in most energy industries and parts processing industries, and the evidence of high level of productivities in most machinary, equipmet industries and parts of consumer processing goods industries.
 
Table of contents

 
Keyword
mark-up  

TFP  

Chinese economy  

manufacturing industry  

imperfect competition  
NDC
 
Note

 
Language
英語  
Type of resource
text  
Genre
Journal Article  
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Sep 13, 2019 10:33:24  
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Feb 21, 2019 17:01:59  
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Jul 10, 2019    プレビュー,本文,版,抄録 を変更
Jul 10, 2019    キーワード を変更
Sep 12, 2019    上位タイトル,上位タイトル 号 を変更
Sep 12, 2019    上位タイトル 巻,上位タイトル を変更
Sep 13, 2019    上位タイトル 号,上位タイトル 年 を変更
 
Index
/ Public / Faculty of Business and Commerce / Keio business review / 53 (2018)
 
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