【摘要】 工业领域中,国有工业资本与非国有工业资本的效率差距是否会随着改革的进程得到改善关系到工业改革下一步的路径取向。本文基于工业领域2003—2011年的数据发现:(1)国有工业资本与非国有工业资本的净资本回报率差距并未随经济改革的推进而缩小。(2)越是倾向于国有企业的宽松财政政策和货币政策,反而导致国有工业资本的效率落后于非国有资本。(3)在公用事业领域,私有工业的资本效率逐渐超过了外资工业;在战略性资源领域,外资工业资本的效率最高;在一般竞争领域,私有工业资本的效率最高。更多还原

【Abstract】 Whether the gaps between the state-owned industries’ capital efficiency and non-state-owned ones are narrowed with process of market reform,has related strongly with future reform path in China’ s industries.This paper explores three results according to the data of 2003—2011:(1)The efficiency gaps between the two kinds of industries did not decrease during the reform progress.(2)The more active financial and monetary policies are,the bigger gaps between the two kinds of industries they lead to.(3) In the public utility field,the domestic private capital efficiency has gradually surpassed the foreign capital.In the strategy resources field,foreign capital’s efficiency leads ahead.However,in the competitive fields,the domestic private capital’s efficiency leads ahead.更多还原