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New perspectives on Chinese manufacturing industries using microdata.

机译：使用微数据的中国制造业新观点。

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摘要

This dissertation consists of three essays that study the industrial organization of China's manufacturing sector from an empirical perspective. It uses structural estimation to look into the performance of China's manufacturing sector with a particular emphasis on the steel industry - a key sector in China that produces half of the world's steel. This dissertation also examines the financial constraints that manufacturing firms face.;Chapter 1 documents the development of the steel industry in the past two decades. Chapter 2 studies productivity differences in vertically-integrated Chinese steel facilities, using a unique dataset that provides equipment-level information on inputs and output in physical units for each of the three main stages in the steel value chain, i.e., sintering, iron-making and steel making. We find that private integrated facilities are more productive than provincial state-owned facilities, followed by central state-owned facilities. This ranking lines up with our productivity estimates in the two downstream production stages, but central state-owned facilities outperform in sintering, most likely because of their superior access to high-quality raw materials. The productivity differential favoring private facilities declines with the size of integrated facilities, turning negative for facilities larger than the median. We attribute this pattern to differences in the internal configuration of integrated facilities, which re ect the greater constraints confronting expanding privat facilities. Increasing returns to scale within each stage of production partially offset these costs, and rationalize choices of larger facilities.;Chapter 3 draws on the Chinese Industrial Survey Data from 1998 to 2007 to examine financing constraints in the manufacturing sector. Building on the Euler Equation approach and applying the dynamic GMM estimation, we find that on average private firms face more obstacles in accessing credit than state-owned enterprises (SOEs). Contrary to the widely accepted view that China's private sector is largely excluded from formal credit allocation, we find that large firms, both state-owned and private, are not credit constrained. Medium and small SOEs are financially constrained, although to an extent less than their private counterparts of similar size. Moreover, the capabilities of firms in accessing external finance differ by economic region and across industries.e.
机译：本文由三篇论文组成，从实证角度研究了中国制造业的产业组织。它使用结构估计来研究中国制造业的表现，特别是对钢铁行业的关注。钢铁行业是中国的重要行业，其钢铁产量占世界的一半。本文还研究了制造企业面临的财务约束。第一章记录了过去二十年钢铁行业的发展。第2章使用一个独特的数据集研究了垂直整合的中国钢铁设施的生产率差异，该数据集提供了钢铁价值链中三个主要阶段（即烧结，炼铁）中每个阶段的物理单位投入和产出的设备级信息。和炼钢。我们发现，私人综合设施比省级国有设施生产力更高，其次是中央国有设施。该排名与我们在下游两个生产阶段的生产率估计值一致，但是中央国有工厂在烧结方面的表现优于大厂，这很可能是因为它们拥有优质原材料的优越条件。有利于私有设施的生产率差异随着综合设施的规模而下降，对于大于中位数的设施则变为负数。我们将此模式归因于综合设施内部配置的差异，这些差异反映了扩大的私有设施面临的更大制约。在生产的每个阶段，规模报酬的增加部分地抵消了这些成本，并使大型设施的选择合理化。第三章借鉴了1998年至2007年的中国工业调查数据，研究了制造业的融资约束。基于欧拉方程法并应用动态GMM估计，我们发现，与国有企业（SOE）相比，私营企业平均在获取信贷方面面临更多障碍。与被广泛接受的观点认为，中国的私营部门在很大程度上不受正规信贷分配的限制相反，我们发现国有和私营的大公司都不受信贷约束。中小型国有企业在财政上受到限制，尽管程度要小于类似规模的私营企业。此外，企业获得外部融资的能力因经济区域和行业而异。e。

著录项

  • 作者

    Su, Yingjun.;

  • 作者单位

    University of Pittsburgh.;

  • 授予单位 University of Pittsburgh.;
  • 学科 Economics.;Asian studies.;Commerce-Business.
  • 学位 Ph.D.
  • 年度 2017
  • 页码 155 p.
  • 总页数 155
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类
  • 关键词

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