摘要
根据我国2006-2015年35个工业行业的数据,基于时变弹性生产函数的随机前沿分析模型(SFA),通过生产侧和消费侧两端测算出中国工业行业的产能过剩程度,并据此研究信贷错配程度和工业行业过度投资水平与产能过剩的相关性。研究表明:过量投资会造成产能过剩;外资的增加会加剧产能过剩;信贷错配在一定程度上加强了企业过度投资水平,从而加剧了产能过剩。
Based on the data of35industrial sectors in China from2006to2015,the stochastic frontier analysis model(SFA)based on time-varying elasticity production function was used to calculate the excess capacity of China’s industry by both production and consumption sides,helping to study the degree of credit mismatch and the over-investment level of industrial sectors and excess capacity of the correlation.The study shows that overinvestment can lead to overcapacity.And the increase of foreign capital will aggravate the overcapacity.The credit mismatch strengthens the excessive investment level of the enterprises to a certain extent,which exacerbates the overcapacity.
作者
孙亮
何淼
SUN Liang;HE Miao(Student Work Office, Chengdu University of Technology, Chengdu Sichuan 610059,China;Business College, Chengdu University of Technology, Chengdu Sichuan 610059,China)
出处
《成都理工大学学报（社会科学版）》
2018年第2期62-72,共11页
Journal of Chengdu University of Technology:Social Sciences
关键词
产能过剩
过度投资
信贷错配
overcapacity
overinvestment
credit mismatch
作者简介
孙亮(1983-),男,四川阆中人,硕士,研究方向:基础数学;何淼(1992-),女,四川达州人,硕士,研究方向:金融学。
