人力资本增长对我国工业资本回报率提升的影响——基于地区与行业视角的GMM方法.pdfVIP

{.属学2016 年 5 月·第 30 卷·第 5 期(总第 197 期) 人力资本增长对我国工业资本回报率提升的影响 一一基于地区与行业视角的 GMM 方法 吕品，夏玉洁，杨君 (浙江理工大学经济管理学院，杭州 31(018) 摘要:通过测度中国各地区和工业行业的资本回报率，利用 kernel 密度图分析其特征与趋势，用 GMM 方法分析人力 资本对资本回报率的影响，结果表明:中国工业资本回报率总体呈上升趋势，但存在东部趋离，东北、中西部趋低的 现象，且行业密度曲线正由单顶点窄峰向扁平化转变;人力资本的作用因地区和行业特征差异明显，仅在东部地区 和资本密集型行业有着正向作用;技术进步有稳定的促进作用;资本深化的影响呈现倒 U 型;国有企业数量的增加 不利于资本回报率的提升;不同技术水平的外资对资本回报率的影响存在较大差异。 关键词:资本回报率;技术进步;人力资本 D0 I:10. 13956/j. ss. 1 ∞1-8409.2016.05.24 申图分类号:F241 文献标识码:A 文章编号:1 ∞1 -8409(2016)05 -0108-06 The Impact of Capital Growth on the Ascension of Chinese Industrial Return on Capital 一一-Based on the Region and IndustrγPerspective and GMM Method LV Pin ,XIA Yu-jie , YANG Jun (School of Ecorwmics Maoogerrum,t , Zhejωng Sci- Tech University , Hangzho且 31∞18) Abstract: This paper measured Chinese regional and industrial retums on capital , analyzed their characteristics and trends by kernel density map , and then it uses GMM me出od to analyze the impact of human capital on the rate of capital return. Results showed that , on the whole , Chinese industrial return on capital is on an upward trend , but its much higher in the Eastern region than in the Midwest. Besides , the industrial density curve is changing from a single vertex and narrow peak to a flat one. The roles of human capital are significantly different because characteristics of various region and sector are not same , so it played an active role only in the eastern region and capital-intensive industries; technological advances have a stable role in promoting; the impact of capital deepe