南湖农经论坛第2期：Road Infrastructure and the Share of Labor Income: Evidence from China’s Manufacturing Sector

发布者：朱汉彬发布时间：2017-06-09浏览次数：180

主　　题：	Road Infrastructure and the Share of Labor Income: Evidence from China’s Manufacturing Sector
主讲嘉宾：	张勋博士
主持人：	田云副教授
时　　间：	2017年6月10日上午10:00-12:00
地　　点：	文泉北五楼德鲁克会议室
主办单位：	工商管理学院农业经济管理系

嘉宾简介：	张勋，2015年于北京大学国家发展研究院中国经济研究中心（CCER），获经济学博士学位。研究方向为宏观经济核算、宏观经济学、发展经济学、中国经济等。现为北京师范大学统计学院金融统计系教师，硕士生导师，北京大学数字金融研究中心特约研究员。在《The World Economy》、《China Economic Review》、《Applied Economics》、《Review of Development Economics》及《经济研究》、《管理世界》、《经济学》（季刊）、《世界经济》、《金融研究》、《数量经济技术经济研究》等学术期刊公开发表论文近30篇，担任多个期刊匿名审稿人。先后主持国家自然科学基金、中国博士后科学基金等多项国家级、省部级课题。
内容简介：	To shed lights on the effect of public expenditure on factor income distribution, this paper represents the first attempt to analyze the relationship between road infrastructure and the share of labor income. Based on data from China, we find that the improvement of road infrastructure reduces the share of labor income and the results are robust to endogeneity check. We further explore two channels underlying the negative relationship. First, since road infrastructure leads to expansion of markets, it helps promote the mobility and bargaining power of capital, raising the share of capital income. Second, the share of labor income declines as an economy transforms from being labor intensive (dominated by the agriculture sector) to being capital intensive (manufacturing sector). China has been undergoing industrialization which is reinforced by the development of road infrastructure, contributing to the decline in the share of labor income associated with economic growth or structural transformation.