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Territorial Management, Provincial Market Expansion and Overcapacity Regulation

【Authors】
ZHANG Guosheng, LIU Zheng (Kunming University of Science and Technology)
【WorkUnit】
ZHANG Guosheng (Yunnan University)
LIU Zheng (Kunming University of Science and Technology)
【Abstract】

Basing on Chinese enterprise survey data of World Bank (2005、2015), we empirical test the impact of territorial management 、provincial market expansion of enterprise on the overcapacity in China, and study the related mechanism from local government behavior and channels of market mechanism. We find provincial market expansion of Chinese enterprise can resolve overcapacity, but territorial management of Chinese enterprise can aggravate overcapacity, and make overcapacity in China have the characteristics of territory. Researching the related mechanism, we find economical interests of territory can induce local government protection and price underestimate of land, that damage to the ability of market expansion of enterprise, aggravate overcapacity and make overcapacity have the characteristics of territory; market efficiency can strengthen the ability of market expansion of enterprise and induce the result of territory of overcapacity. That make the impact of territorial management 、provincial market expansion of enterprise on the overcapacity in China. So we need restructure overcapacity regulation through focusing on the provincial government, making the index of national sales being a index of overcapacity regulation and reforming the factor market.

【KeyWords】
Territorial Management, Provincial Market Expansion, Capacity Concentrating Mechanism, Overcapacity Regulation