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題名: | An Analysis of the Impact of Public Capital on Cost Structure of Manufacturing Firms in China | 作者: | 林祖嘉 Lin,Chu-Chia ;Chang,Ching-Feng |
貢獻者: | 經濟系 | 關鍵詞: | public capital; cost structure; china | 日期: | 2013 | 上傳時間: | 7-一月-2014 | 摘要: | Since 1978, China government has spent a huge amount on public capital, including infrastructure, education, and R&D. It is important to know whether those expenditures on public capital have a positive impact on improving manufacturing firms’ productivity and thus reducing their production cost. In this study, we applied a data set with 1,371,726 sample points from the manufacturing sector of China from 1998 to 2006 with a traditional cost function to estimate the impact of public capital on firms’ production cost, with a firm-level fixed effect. Then we estimate the substitutability of public capital and private inputs. We found that both education and infrastructure have a significant impact on reducing production cost for manufacturing firms, while education expenditure has a larger effect. On the other hand, R&D expenditure has little effect on reducing production cost. | 關聯: | Taiwan Economic Review,55(1), 71-99 | 資料類型: | article | DOI: | http://dx.doi.org/10.6277/ter.2013.411.4 |
Appears in Collections: | 期刊論文 |
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