契约执行力与产业结构: 来自中国工业企业的证据

李俊青, 刘帅光

世界经济 ›› 2016, Vol. 39 ›› Issue (6) : 124-148.

全文 (2433 KB)
全文 (2433 KB)
世界经济 ›› 2016, Vol. 39 ›› Issue (6) : 124-148.

契约执行力与产业结构: 来自中国工业企业的证据

  • 李俊青1, 刘帅光2
作者信息 +

Contract Enforcement and Industrial Structure: Evidence from China's Industrial Enterprises

  • Li Junqing1, Liu Shuaiguang2
Author information +
文章历史 +

摘要

制造业的发展离不开外部融资,而契约执行力能够影响企业和金融机构之间的合作程度,进而影响制造业内部和金融业与制造业之间的产业结构。本文通过建立动态一般均衡模型来考察契约执行力对产业结构的影响机制,并利用2007年中国工业企业数据和1997-2009年省际面板数据,采用Rajan和Zingales(1998)的交互项模型考察契约执行力对产业结构的影响。研究结果表明,在控制其他影响产业结构的变量后,契约执行力的改善不仅提高了制造业中资本密集型行业的比重,而且提升了金融业与制造业的相对比重。

Abstract

The development of manufacturing industry is inseparable from external finance.Enforcement of contracts matters when it comes to the cooperation between enterprises and financial institutions, and hence affects the industrial structure within manufacturing industry and that between the manufacturing industry and the finance industry.This paper develops a dynamic growth equilibrium (DGE) model to illustrate how contract enforcement works.Based on the provincial panel data of Chinese industrial enterprises from 1997 to 2009, we measure the effect of contract enforcement on industrial structure via the interaction terms from Rajan and Zingales (1998).The empirical results exhibit that the improvement of contract enforcement not only raises the proportion of capital-intensive industry in manufacturing industry, but also enhances the relative ratio of finance industry to manufacturing industry.

关键词

契约执行力 / 产业结构 / 动态一般均衡

Key words

contract enforcement / industrial structure / dynamic general equilibrium

引用本文

导出引用
李俊青, 刘帅光. 契约执行力与产业结构: 来自中国工业企业的证据[J]. 世界经济, 2016, 39(6): 124-148
Li Junqing, Liu Shuaiguang. Contract Enforcement and Industrial Structure: Evidence from China's Industrial Enterprises[J]. The Journal of World Economy, 2016, 39(6): 124-148

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基金

受到国家社会科学基金重点项目(14AJL010)、教育部新世纪优秀人才支持计划和天津市131第一层次人才支持计划、南开大学百名青年学科带头人培养计划、中国特色社会主义经济建设协同创新中心、南开大学财富与经济研究院、南开大学博士研究生科研创新基金(68150003)的资助。
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