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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: 2013.03
    上傳時間: 2014-01-07 14:13:42 (UTC+8)
    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 連結: http://dx.doi.org/10.6277/ter.2013.411.4
    DOI: 10.6277/ter.2013.411.4
    顯示於類別:[經濟學系] 期刊論文

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