中国工业部门&egr

中国工业部门&egr

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中中中中中中中中中中中中中中中中 钱钱钱 1 钱钱钱 2 中中 钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱 Dixit-Stiglitz 钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱 GMM 钱钱钱 钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱 1钱 中中中 钱钱钱钱钱 钱钱钱钱钱钱 Dixit钱Stiglitz 钱钱 钱钱 GMM 钱钱 JEL钱E13 E25 C23 Determinants of Capital Share in Chinese Industrial Sector Zhenjie Qian Chong-En Bai Abstract 钱We setup a monopolistic competition model with CES production function to explain how capitals hare is determined by monopoly power, capital-output ratio, capital-augmenting technical progress, elasticity of substitution, and ownership heterogeneity. Our regression analyses with industrial survey data show that monopoly power and ownership restructure significantly influence capital share of industrial sector, while capital-augmenting technical progress and capital-output ratio do not observe significant influence. A by-product of this research is that we find adequate reason to argue elasticity of substitution for the industrial sector is unitary钱 Keywords 钱Factor shares; Elasticity of Substitution; Dixit钱Stiglitz Model; System GMM Estimation JEL钱E13 E25 C23 1 钱钱钱钱1976 钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱 2 钱钱钱钱1964 钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱
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1中 中中 钱钱钱钱钱钱钱钱钱钱Kaldor 钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱great ratios钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱 钱钱钱钱钱钱钱钱钱 Kuznets (1957)钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱 钱 钱 钱 钱 钱 钱 钱 钱 钱 Kaldor 钱 钱 钱 钱 钱 钱 钱 钱 (Echevarria, 1997; Kongsamut et al., 2001; Ngai and Pissarides, 2004; Acemoglu and Guerrieri, 2006)钱 钱钱钱钱钱capital share钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱labor share钱钱钱钱钱钱钱钱钱钱钱钱钱钱 钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱factor shares钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱Kaldor (1961)钱钱钱 Keynes (1939)钱Dunlop(1950)钱Johnson (1954)钱Klein 钱 Kosobud (1961)钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱钱
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