Impacts of Administrative Regulations on Factor Share:An Empirical Research

摘要

Grounded on the theories of firm decision equilibrium,the impacts of administrative regulations on income factor share are estimated in this paper by analyzing inter-provincial panel data from 2003 to 2009.The scale of administrative regulation is measured by a proxy variable,i.e.,proportion of non-tax revenue to GDP,while the income factor share is represented by the ratio of residents' competitive factor incomes (capital and labor) to regulation monopoly rents.The results of our empirical research indicate that:(1) An 1％ increase for the ratio of non-tax revenue to GDP,is accompanied by a 0.17％ decrease for the ratio of residents' competitive factor incomes to regulation monopoly rents,and an even more decrease for the ratio of incomes return to the residents monetary assets; (2) The human capital,measured by education level,has a significant influence on labor earnings; (3) The growth of the percentage of the third industries in GDP contributes to the residents competitive factor incomes,by increasing the supply elasticity of residents competitive factor.