A Decomposition of Total Factor Productivity Growth in Chinas Steel Industry: A Stochastic Frontier Approach
Using the stochastic frontier production function and the decomposition method of total factor productivity made by Kunbhakar, this paper studies the total factor productivity of Chinajs steel industry during 1981-2003. The result indicates: Capital and TFP play more important roles for output growth while the contribution of labor input is negative. Of all the factors for the growth of TFP, scale economy contributes the most followed by allocation efficiency of resources. Though technical efficiency has been keeping pace with TFP, it contributes little to TFP growth and thus the improvement of technical efficiency is the key element for improving the efficiency of Chinas steel industry.
allocation efficiency scale economy stochastic frontier production function technical efficiency total factor productivity
Wanghui liu Bing Huang
School of Economics Hubei University of Economics Wuhan, China
国际会议
北京
英文
849-852
2009-07-24（万方平台首次上网日期，不代表论文的发表时间）