Open AccessEvolution characteristics of total factor productivity of industrial enterprises in Fujian Province
Author(s) -
Shunhui Zheng
Publication year - 2020
Publication title -
journal of physics. conference series
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.21
H-Index - 85
eISSN - 1742-6596
pISSN - 1742-6588
DOI - 10.1088/1742-6596/1629/1/012036
Subject(s) - total factor productivity , productivity , malmquist index , business , investment (military) , index (typography) , industrial organization , technical progress , government (linguistics) , agricultural economics , economics , economic growth , computer science , linguistics , philosophy , politics , world wide web , political science , law , macroeconomics
The DEA-based Malmquist index method was used to measure the total factor productivity of the industrial sector of Fujian Province and the industrial enterprises under four forms of ownership from 2004 to 2016. The research conclusions are as follows: First, the total factor productivity of the industrial sector of Fujian Province improves year by year, with an average growth rate of 8.9%. Technical progress is the only driving force for the improvement of total factor productivity. The technical efficiency, pure technical efficiency and scale efficiency remain unchanged; second, from the perspective of ownership, the total factor productivity of collective enterprises grows fastest, reaching 11.3%, followed by private enterprises (10.3%), foreign-invested enterprises (7.9%), HKMT enterprises (7.5%). Technical progress is also the only driving force. Therefore, the Fujian Provincial Government should increase investment, and support industrial enterprises to enhance the capacity for technological innovation, the conversion rate of technological achievements and the efficiency of resource allocation.