CAJ | 학술논문

本文利用1998～2007年间中国省级层面的面板数据，考察要素扭曲、市场分割是否会抑制中国产业升级这一命题。系统GMM估计结果发现，市场分割对产业升级的影响呈现“倒u型”，要素扭曲将抑制产业升级，市场分割对产业升级的抑制作用通过阻碍外商直接投资的溢出效应实现。此外，市场分割和要素扭曲对产业升级的影响存在地区性差异。虽然短期内的政府行为可以帮助当地产业结构实现跨越式的发展，但是，从长远角度来看，“援助之手”将变成“攫取之手”。因此，产业升级的推进需要加速国内市场的一体化进程，以及要素的市场化与政府体制改革的进程。
본문이용1998～2007년간중국성급층면적면판수거，고찰요소뉴곡、시장분할시부회억제중국산업승급저일명제。계통GMM고계결과발현，시장분할대산업승급적영향정현“도u형”，요소뉴곡장억제산업승급，시장분할대산업승급적억제작용통과조애외상직접투자적일출효응실현。차외，시장분할화요소뉴곡대산업승급적영향존재지구성차이。수연단기내적정부행위가이방조당지산업결구실현과월식적발전，단시，종장원각도래간，“원조지수”장변성“확취지수”。인차，산업승급적추진수요가속국내시장적일체화진정，이급요소적시장화여정부체제개혁적진정。
In the light of embrace of fiscal system reform and globalization, China has experienced a golden time of fast economic development speed. Many scholars point out that China has evolved into a market preserving fiscal federalism and it is this institution that promotes Chinese economic growth. However, at the same time, local protectionism has been a recurrent theme in Chinese economic policies since Young first argued in his seminal analysis in 2000. Under the background of decentralization, with the purpose of rent-seeking opportunities, local governments have strong incentives to maintain economic distortion. In other words, distortions beget distortions （ Young 2000） and Chinese economic reform is characterized as one of important barriers and restrictions on resource mobility, local protectionism and trade barriers also likely impeded the inter-regional flow of goods. Besides market seg- mentation, the other distinguished tool implemented by Chinese local government is factor market distortion. To be specifically, the reform of factor marketization legs behind goods marketization. The wage, land rent and the return of capital are the results of government intervention instead of market mechanism. Both the restriction of inter-regional resource flow and misallocation of factor across sector have been showed to reduce the aggregate TFP of China. These are all the explanations from a macro point of view. But if we notice that it is ＂structural bonus＂ from industrial upgrading that bring and maintain a sustained economic growth （Peneder2002） and the fact that the role of industrial upgrading plays in improving overall economic efficiency is weakening （Liu Wei 2008 ）, a natural question raised up, are the features of market segmentation and factor distortion on aggregate economy can also be found at the industry level？ Besides,the implementation of both market segmentation and factor distortion rely on the administrative monopoly power from local government, so it is necessary to construct a comprehensive model nested both market segmentation and factor distortion to investigate the proposition that whether local government behaviors are ＂helping hand＂ or ＂grabbing hand ＂. Relying on the Chinese provincial panel data from 1998 to 2007, we construed the index to measure market segmentation factor distortion, implement the estimation of two-step SYS-GMM, and then analyze whether both of them may inhibit industry market segmentation and upgrading or not. According to our empirical results, we find that the relationship between industry upgrading exhibits an ＂inverse U＂ shape. We explained this phenomenon from short run and long run. In short run, the restriction may attenuate the intensity of local market competition, enterpri- ses benefit a lot from less competitive environment, and they can raise a huge profit by local monopoly power instead of technical innovation. Both of two fundamental resources of industry upgrading, scale effect of market size and comparative advantage are eroded by market segmentation, so the wealth accumulated from local protectionism is not sustainable. The mechanism of this influence is through decreasing the spillover of FDI ,factor distortion may hinder industry upgrading also. Besides, the effect of market segmentation and factor distortion on industry upgrading is different between regions. In the inner lands, not market segmentation but also factor distortion exhibit an ＂inverse U＂ shape impact on industry upgrading while this effect cannot be discovered from the regression of coastal areas sample. And the factor distortion influence on industry upgrading is much more significant in inner lands than in coastal areas. Based on the analysis above ,we draw the conclusion that, although government intervention is conductive to accelerating of industry structure in the short time, in the long run,＂ helping hand＂ will become ＂grabbing hand＂.At last we give some suggestion about how to promote industry structure upgrading, such as promotion of domestic market integration, marketization of factor, a policy transfer from city-biased to urban-rural integration and reform of government system.