资本项目开放对劳动议价能力与收入份额的影响--基于跨国制造业数据的分析  

Impact of Capital Account Openness on Wage Bargaining Power and Labor Income Share:Analysis Based on Cross-country Manufacturing Data

作　　者：张支南[1] 邵军[2] 吴晓怡 Zhang Zhinan;Shao Jun;Wu Xiaoyi(Institute of World Economics and Politics,Chinese Academic of Social Sciences,Beijing 100732,China;School of Economics and Management,Center for Digital Economy Research Southeast University,Nanjing,211189,China;School of Business,Nanjing Normal University,Nanjing 210023,China)

机构地区：[1]中国社会科学院世界经济与政治研究所,北京100732 [2]东南大学经济管理学院、东南大学数字经济研究中心,南京211189 [3]南京师范大学商学院,南京210023

出　　处：《技术经济》2021年第12期105-112,共8页Journal of Technology Economics

基　　金：江苏省社会科学基金重大项目“双向开放与江苏开放型经济高质量发展研究”(18ZD005)。

摘　　要：针对近三十年来全球范围内普遍出现的劳动收入份额下降现象,本文在议价博弈模型基础上就资本项目开放对劳动收入份额的影响进行了理论分析,进一步采用包含了1965—2010年超过120个国家的制造业细分行业数据和倍差模型展开实证分析。研究发现:①总体上看,资本项目开放未对制造业劳动收入份额产生显著影响,但分样本结果表明,资本项目开放会对发展中经济体的劳动收入份额产生显著负面影响,且外部融资依赖度越高的行业受到的负面影响越大;②资本和劳动要素议价能力的相对变化是形成上述结果的关键。进一步的机制分析也表明资本项目开放显著降低了发展中经济体的劳动议价能力,但对发达经济体劳动议价能力未形成明显影响,从而为前述结论提供了支撑。For the global decline in labor income share over the past three decades,a theoretical analysis was made on the impact of capital account openness based on the wage bargaining model.Disaggregated manufacturing data of more than 120 countries during 1965‐2010 as well as difference‐in‐difference method was used to conduct empirically tests.The results show that,on the whole,the capital account openness does not have a significant impact on the share of labor income.However,the subsample analysis shows there is a negative impact on the share of labor income in developing economies.The higher degree of external finance dependence is for an industry,the greater the negative impact is.The change of bargaining power for capital and labor is key for the formation of these results.Further mechanism analysis supports that capital account openness has led to the significant decline of labor’s wage bargaining power in developing economies,yet not in developed countries.

关 键 词：资本项目开放 劳动收入份额 议价能力 

分 类 号：F746.1[经济管理—国际贸易]