Industrial performance of the renewable resources industry in China

Abstract

Promoting the development of renewable resources industry is an effective way to solve the problems of resources shortage and environmental pollution in China. In this paper, studies have found that "market structure" and "ownership structure", namely "double structure", is an important explanatory variable that affects industrial performance according to the "structure-conduct-performance" paradigm. Literature reviews have shown that large state-owned enterprises are playing an important role in improving the industrial performance because of the advantage in technology and capital. However, this paper analyzed the performance of China's renewable resource industry from two aspects-the overall industrial development and the listed companies, from which two conclusions have drawn: (1) Above a designated size, private enterprises have the greatest contribution, while the contribution of state-owned and foreign-funded enterprises is different; (2) The main reason for the high positive growth rate of total factor productivity between 2009 and 2013 is the rapid growth of technological progress such as the improvement of production processes and manufacturing skills, rather than the promotion of management, system, or polices.