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Brief

Management World is supervised by Development Research Center of The State Council, and sponsored by Development Research Center of The State Council. It aims to reflect the multi-field and multi-disciplinary research on China’s economic and social management issues, and to provide services for China’s economic reform and development. Its scope covers fiscal and financial research, rural economics, macroeconomic management, public management, business management, industrial and regional development. The journal, included in CSSCI and JST, has been in the top list in the field of economic management for many years, and achieved a very high reputation from readers all over the world.
Editorial Board

Editor-in-Chief
Li Kemu

Deputy Editor-in-Chief
Tian Yuan,He Shaohua, Lu Jian, Jiang Dongsheng

Editorial Board
Ma Xiaogang, Qiao Renyi, Li Jiping, Li Menggang, Li Peiyu, Zhang Xinmmin, Shen Bainian, Chen Dongsheng, Cheng Quansheng, Zhao Jie,Tuo Zhen

Will interest rate liberalization speed up the departure of capital from agricultural sector?

LYU Jie;GUO Junjie;TANG Zhong

Management World,2016,No. 12

Employee turnover of small and micro enterprises in China: Present situations, impacts and determinants

HUANG Yuhong;Yi Daichun;JIE Mengyin

Management World,2016,No. 12

Theory and path of social governance in the fuzzy zone between public and private power: an economic analysis of law on the basis of the routine dispute settlement mechanism

TANG Qingli;HE Zhen

Management World,2016,No. 12

Tax sharing, tax effort and corporate tax evasion: evidence from income-tax-sharing reform

TIAN Binbin;FAN Ziying

Management World,2016,No. 12

An analytical framework of minority shareholders governance: the case study on Konka Group

ZHENG Guojian;CAI Guilong;LU Xin

Management World,2016,No. 12

Market concentration, space agglomeration and the capacity utilization of China’s manufacturing: empirical study based on microenterprise data

JIA Runsong;HU Qiuyang

Management World,2016,No. 12

Based on the data of manufacturing enterprises, this paper has measured the capacity utilization of Chinese enterprises at the micro level with the data envelopment analysis method, and by focusing on market concentration and space agglomeration, it has examined the two theoretical views on excess capacity: the “development stage theory” that overcapacity is caused by the wave phenomenon in investment and the influx into the market; and the “local government theory” that local governments’ racing to promote investment leads to repeated construction and overcapacity. The result has shown that the average capacity utilization of China’s manufacturing enterprises was less than 70% and it decreased year by year during the research period. Looking from the inside, we can find that there is a great difference in capacity utilization between large and small enterprises, with the former usually being 30% higher. Although there are differences in terms of industry, region and the ownership type, the difference is often within 10%. The empirical test has shown that there is a positive correlation between the market concentration and enterprise scale and the enterprise capacity utilization, as well as and between the spatial Gini coefficient and government subsidies and the enterprise capacity utilization. Test on both pairs show that the significance and coefficient of the latter two are very unstable. This means that the fragmented market and mall enterprise scale are the leading factors for overcapacity in China’s economy before the global financial crisis, and that the repetitive industrial construction by the local governments plays a role by influencing market dispersion and enterprise scale. In other words, the repetitive homogeneous industry construction scattered in different places led by local governments is one of the driving forces of the wave phenomenon in investment and the influx into the market that lead to fragmented market and small enterprise scale.