激励性规制对中国电信业全要素生产率的影响——基于省际动态面板数据的实证研究  

The Impact of Incentive Regulations on Total Factor Productivity in Chinese Telecommunications Industry:Empirical Study Based on Inter-provincial Dynamic Panel Data

作　　者：郑加梅[1] 夏大慰[2] 

机构地区：[1]上海财经大学国际工商管理学院,上海200433 [2]上海国家会计学院,上海201702

出　　处：《财经研究》2014年第2期85-96,共12页Journal of Finance and Economics

基　　金：上海财经大学2012年研究生科研创新基金项目(CXJJ-2012-341)资助

摘　　要：基于中国电信业规制改革的渐进性特征,文章建立省际动态面板数据模型,运用系统GMM估计方法,实证检验了价格上限规制、混合价格规制和固定利润分享规制等多种激励性规制与电信业全要素生产率的关系。研究结果表明:当期和滞后一期混合价格规制对电信业生产率的影响都不大;价格上限规制对行业生产率增长具有一定的推动作用,但总体影响较小;固定利润分享规制对电信业生产率增长的同期促进作用显著,但滞后效应的消极影响较大。据此,文章提出完善价格上限规制的制度设计、增强规制机构的独立性和加强规制司法审查等政策建议。Based on progressive characteristics of regulation reform in Chinese telecommunications industry,this paper establishes a provincial dynamic panel data model,and employs GMM to empirically test the relationship between incentive regulations suchas price cap,hybrid price and freeze-earning sharing,and total factor productivity in telecommunications industry.It comes to the following results:as for telecommunications industry hybrid price regulation has no significant effect on total factor productivity in the current and lagged one periods;price-cap regulation has a positive effect on total factor productivity to a certain extent,but small effect as a whole;freeze-earning sharing regulation has significantly positive effect on total factor productivity in the current period,but significantly negative lagged effect.Therefore,this paper proposes some policy suggestions about the perfection of institutional desigh of price-cap regulation,the increase in the independence of regulatory authorities and the reinforcement of judicial review of regulations.

关 键 词：激励性规制 全要素生产率 动态面板数据 

分 类 号：F625[经济管理—产业经济]