摘要
基于Malmquist生产率指数方法对2005~2013年中国基金业全要素生产率进行测算与分析,结果发现2005~2013年中国基金业要素生产率年度平均增长率为9.6%,2007~2008年出现大幅波动。这表明基金业本身增长是集约的,生产率大幅波动的原因在于资本市场制度的不完善、竞争不充分以及创新能力较弱。
It is very crucial for Chinese investment fund industry to deeply understand devel- opment status and effectively use measures to improve the competitiveness. The method of Ma|mquist productivity index based on DEA is used in this article. The results discover that, during the year 2005--2013, the average annual growth ratio of Total Factor Productivity (TFP) of Chinese Investment fund Industry is 9. 6%. The year of fastest and maximum growth of the productivity is 2007 and the rate is 138% and the year of minimum and decea- sing most fast is 2008 with the rate of --37%. This shows that the growth of Chinese invest- ment fund industry is intensive and the volatility of the productivity is high because of imper- fect market mechanism.
出处
《中国社会科学院研究生院学报》
CSSCI
北大核心
2015年第2期52-56,共5页
Journal of Graduate School of Chinese Academy of Social Sciences
关键词
中国基金业
全要素生产率
技术效率
技术进步
Chinese investment fund industry
total factor productivity
technical efficien-cy
technology progress