关键词: 资本要素市场, 市场分割, 装备制造业, 高技术产业, 战略性新兴产业

Abstract: Under the assumption of a perfectly competitive market, the return on capital in different regions tends to be uniform. Based on the premise above, this article summarizes microdata at the regional level for the first time and borrowing the idea of “ price method”, on the basis that “ government regulates market, market forms price, and the price guides allocation of resources”. The paper further proposes a method for measuring the market segmentation of capital factors. By using Industrial Enterprise Database from 1998 to 2013 to calculate the degree of segmentation of national and provincial capital factor market of the industry, heavy industry, light industry, high-end equipment manufacturing industry, high-tech industry, strategic emerging industry, and equipment manufacturing industry, the research shows the following results. First, on the whole, from 1998 to 2013, the segmentation of the capital factor market declines significantly, with a decline of about 50%. The decline in high-end equipment manufacturing and high-tech industry is higher than the other industries. In terms of stages, the capital factor market tends to be integrated into the first stage (1998—2002) and the second stage (2002—2008). Second, in the case of treating cities as a measurement unit, the decline is greater in places with higher economic development. The degree of segmentation in the former is lower than the latter at the end period. Third, in the case of treating provinces as a measurement unit, the average decline in market segmentation in various industries across the country is roughly between 49% and 63%, and the degree of market segmentation in eastern coastal areas is relatively lower than that in inland areas. Fourth, increasing the tax sharing ratio at city and county levels will intensify market segmentation while stimulating the local morale, and the infrastructure development in a larger range by the central government will promote the integration of the capital factor market.

Key words: Capital Factor Market, Market Segmentation, Equipment Manufacturing Industry, High-tech Industry, Strategic Emerging Industry