article
YE Shan-Hu, HAN Yong-Hui, ZOU Jian-Hua
South China Journal of Economics.
2014, 32(1):
61-76.
To estimate the effect of "Exchange market for technology" strategy in our country’s automobile industry, we can measure the industry total factor productivity (TFP) to get the results. In order to overcome the shortages of traditional (macro) method which estimates industry TFP, this paper is originally based on the micro point of view, using car company’s data to complete the measurement of auto industry TFP. To ensure the reliability of the results, the author contrasted different kinds of methods, by means of the horizontal comparison of the panel fixed effect method, Olley&Pakes method and Levinsohn&Petrin method, and finally draws the same conclusion. The measuring results showed that during 1999-2007, China’s automobile industry TFP had increased significantly overall, subdivision for the holding type, the sub-industry was the same; the TFP of the state-owned automobile enterprise is lower than that of non-state-owned holding auto enterprise, but with a rapid increase, the convergence between them gradually became more and more obvious. This showed that for a long time the automobile industry development strategy of "Exchange market for technology" has made the actual effect, and China's automobile enterprises are changing from "introduce-absorption-digestion" to "innovation-surpass" phase, continuing to strengthen technology research and development, constructing the international competitiveness of China's automobile industry become the main path in the industry development.