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| Is There a "Structural Bonus Hypothesis" in China's Hightech Industry? |
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Abstract This paper describes the evolution of the structure of labor force and capital, the factor productivity and its growth rate of China's hightech industry. By using the shiftshare method to deconstruct the growth of factor productivity, this paper examines respectively the structural contribution of crosssector, crossprovincial and crossownership flow of factors to the productivity growth. We find that(i) the crosssector flow of both labor force and capital has produced "structural bonus";(ii) the crossprovincial flow of both labor force and capital has produced "structural negative bonus";(iii) the crossownership flow of labor force has produced weak "structural bonus" while the crossownership flow of capital has produced "structural negative bonus". It enlightens us that administrative intervention should be rationally reduced to facilitate the flow of factors of the hightech industry. We should try to break the regional and ownership financing discrimination and gradually establish a unified hightech industry labor market.
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| Fund:国家社会科学基金重大项目（14ZDB120） |
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