Open AccessResearch on productivity effect of manufacturing capital accumulation——an empirical study based on data of manufacturing enterprises in Beijing, Tianjin and Hebei
Author(s) -
Xiaonan Fan,
Qiyue Li,
Chong Feng
Publication year - 2020
Publication title -
iop conference series. materials science and engineering
Language(s) - English
Resource type - Journals
eISSN - 1757-899X
pISSN - 1757-8981
DOI - 10.1088/1757-899x/711/1/012003
Subject(s) - total factor productivity , investment (military) , panel data , productivity , beijing , capital (architecture) , quantile regression , economics , quality (philosophy) , manufacturing , business , empirical research , government (linguistics) , industrial organization , economic geography , econometrics , china , macroeconomics , geography , linguistics , philosophy , archaeology , epistemology , marketing , politics , political science , law
Based on the panel data quantile regression, the horizontal and vertical comparisons reveal the marginal effect of the capital accumulation of the Beijing-Tianjin-Hebei region on the growth of total factor productivity. Combined with the heterogeneity of regions and industries, this paper provides a theoretical basis for how to effectively invest and how the government solves the mismatch of capital. The study found that although the increase in investment has a positive effect on the technological progress of enterprises, the dividend of capital investment has gradually disappeared, and the overall trend is inverted U-shaped. In terms of sub-regions, increasing investment in quality is still the main problem that Hebei Province facing in the future. Different industries also present different characteristics. A few industries have shown an increase in investment increased the growth rate of total factor productivity.