Economies of scale areDevelopment EconomicsConcept, is and embodimentgross domestic productGrowth modeEconomic scaleRelatively speaking, the index reflectsEconomiesComprehensive benefit index of economic development degree.Macroscopically, economies of scale refer to an economy (usually a country) using humandevelopment index 、Social development index、social welfareIndex, peopleHappiness indexTo comprehensively measure the degree of economic development;On the micro level, economies of scale refer to the development index measured by products, enterprises, industrial added value, and comprehensive benefits.Economies of scale also refer toEconomies of scale, which is formed through a certain economic scaleIndustrial chainIntegrityResource allocationEnterprises brought by the improvement of regeneration efficiencyMarginal benefitIncrease of.Micro scale economy can not be separated from macro scale economy, and macro scale economy restricts, promotes and guides micro scale economy.WhetherMacroeconomystillMicroeconomyEconomic scale is not equal to economies of scale. The economic scale that can bring economies of scale is the indicator, goal and path of economic development.
Scale economy is also called scale effect, which is caused by the increase of scaleeconomic performanceImprove.But if the scale is too largeinformation transferSlow speed, information distortion, bureaucracy of management and other drawbacks“Diseconomies of scale”。
Economies of scale and diseconomies of scale
Scale effect is a subject studied in economics, that is, production should reach or exceedBreak even point, i.eEconomies of scale。The scale effect in economics is based ondecreasing marginal cost Derived, the cost of the enterprise includesfixed costandVariable cost,Mixed costIt can be divided into these two kinds of costs. After the production scale is expanded, the variable costs will increase in the same proportion, while the fixed costs will not increase, soUnit product costWill declineSales profit marginWill rise.
Any production has costs, generally including fixed costs and variable costs.To be profitable, we must makesales revenuegreater thanproduction costsThe fixed cost is constant, so the more production, the less fixed cost allocated to a single product, and the more profit.
Economy of scale refers to that when the output scale of an enterprise reaches a certain levelproduction factorsOfOrganic combinationThe effect of 1+1 > 2 is produced,average costThere is a downward trend.Assembly line is one of the embodiment of economies of scale.Corresponding to economies of scale, after the output of enterprises reaches a certain scale, there will be the effect of mutual restriction of various factors and the increase of average cost.
External factors
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This problem depends on many factors, and usually tends toEnterprise scaleTreat as similar“gross domestic product”Such "results" are analyzed instead of being put forward as a "problem".The external factors that determine the scale of the enterprise are:
(1) Of the goods provided by the enterprise“Market type”
Roughly divided into three parts:
Scale effect of iron and steel industry
The first is infrastructure, such asLucent(Lucent) orNortel Network(NorTel). The price of each piece of equipment sold by such an enterprise is often millions of dollars, and the "economic scale" required by its technology is almost unlimited (compared withmarket demand), so it is almost alwaysIncreasing returns to scaleStage;
The third category is emerging areas, where the main risk is that the "standard" (or customer "taste") has not been established. On the one hand, enterprise size meanshigh-riskOn the one hand, it means participationlay down a criterion(or "taste"), so "scale" is one of the game strategies of enterprises, which only affects in a dynamic senseResource allocation efficiency。
Early stage, rapid expansion stage, late stage.These three stages form the "S" type of products and marketsgrowth curve。Enterprises can have very different optimal scales at different stages of the curve.
Then there is mutation technology.For such technological progress, such asHarvard Business SchoolProfessor Christensen said that large enterprises tend to be bureaucratic andvested interests"Lock in" the success of existing technology, rather than enter the field of new technology, thus missing the precious "window of technological progress" and being eliminated in the next round of competition.
Internal factors
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Analysis angle
After considering the above complicated "external factors", we can enter into the discussion of the more important "internal factors" that determine the size of the enterprise.
scale effect
When an entrepreneur sees clearly the external factors that determine the enterprise scale, he is faced with the problem of how to achieve the best enterprise scale based on the given external factors.That is, how to combine variousproduction factors(Labor, capitalnatural resources)In order to achieve the best scale output.In this issueField of discourseLi,Enterprise developmentThe various strategies ofProperty transactionThe contract ofinstitutional economicsFrom the perspective of "What scale can an enterprise develop to?" This question can be transformed into the question of institutional economics: "What output scale should and can be supported by various contracts signed between entrepreneurs and factor owners?" In this sense, it is also necessary to exploreEntrepreneurshipAnd the scale of the enterprise, and further point out the entrepreneur's systeminnovation abilityPerhaps the most critical factor limiting the size of Chinese enterprises in the coming decades.
Supervision mode
The ability of entrepreneurs to limit the size of enterprises is actually the ability of entrepreneurs to coordinate those who participate in the division of labor through contract.modernsystem analysis It is emphasized that the way of contract (and thus the scale of the enterprise) is the result of social game. Given the entrepreneurial talent, different crowd qualities can lead to different ways of contract and scale of cooperation.This leads the discussion toZhang WeiyingThe four aspects involved in the article.
These four aspects can be summarized as follows: it is the contract that determines the efficiency of the contract for organizing crowd cooperationSupervision cost, whereas contractualSupervision costIt consists of the sum of the costs of the three supervision modes of the contract.
"First party supervision" refers to the moral self-discipline discussed in the article;
The "second party supervision", namely the internal incentive system, is also called the "self execution mechanism" of the contract;
"Third party supervision" refers to the protection of private property rights by the government.What Zhang Weiying discussed“Development speed”The problem iscorporate cultureAndEnterprise scaleThe relationship between them.
Problems faced by enterprises
scale effect
As far as China is concerned, the biggest challenge faced by enterprises in the coming decades istransnational corporations"Institutional advantages" based on long-term experience.Because the rules of the game are basically formulated in other people's society and "developed" into Chinese society.Enterprises must participate even if they enjoy local advantages (market, resources, culture)international marketCompetition.
The more important institutional advantages of western enterprises do not appear inEnterprise systemIt is implied in the corporate culture (such asHPCultureIBMCultureMicrosoftCulture), the essence of this corporate culture is to stimulate employees to the maximum extentcreative spirit。Under the influence of this cultural essenceIncome distribution mechanismBasically, it can be summarized as "all profits belong to innovators", because innovators areSchumpeterThe "entrepreneur" in question.Of course, in all innovations (technological and institutional), entrepreneursInstitutional innovationIt has the most important impact on the size of the enterprise.The essence of entrepreneurs' institutional innovation is that entrepreneurs, based on their deep understanding of the quality of the people participating in cooperation, seek a contract mode that minimizes the sum of the coordination costs and technology costs of production.Paternal enterprise management (even "family" enterprises) may save the coordination cost of division of labor, but it often greatly increases the cost of technological innovation (for example, South Korea'sfamily firm);Overly dispersedmanagement styleIt may greatly encourage the creativity of employees, but it often leads to too high coordination costs (such as“Apple”Computer companies).
Social realities in China
interpersonal relationship"Trust" crisis andgovernmental functionsThe latency of the conversion.The former leads to the "first party supervision" mode of the contract almost completely invalid;The latter leads to the high cost of "third-party supervision" of the contract.As a result, entrepreneurs can only implement institutional innovation aimed at reducing the cost of "second party supervision" within the enterprise, and without the support of the other two supervision methods, independent "second party supervision" is difficult to work.This situation itself constitutes the most serious challenge to Chinese entrepreneurs.
However, the small scale of Chinese enterprises compared with the international level, or the small scale of Hong Kong enterprises compared with the average level of Japan, or the small scale of Taiwan enterprises compared with the average level of the United States, does not mean that the efficiency of enterprises must be low.To a greater extent, the scale of an enterprise is proportional to the scale of the risks it bears.For example, statistics show that the "death rate" of enterprises is inversely proportional to the size of enterprises (Glenn Carroll and Michael Hannan, The Demography of Corporations and Industries,Princeton UniversityPress,2000)。Large enterprises can survive by shrinking their scale in the long-term "recession" stage, while small enterprises have no such room for shrinking.On the other hand, statistics show that it is easier to motivate in the recession than in the boomtechnical progress of an enterprise。Taken together, these two aspects lead to a positive relationship between enterprise size and the probability of long-term technological innovationrelevance。
So the key question is: how do entrepreneurs shape their own corporate culture andexcitation mechanismSo as to stimulate people's innovative spirit to the maximum extent.
One person pulls the wire, the other straightens it, the third truncates it, the fourth sharpens it, and the fifth polishes the top to install a round head.There are two or three different processes required for making round heads: balling is a special business, painting white needles is another, and even putting needles into cartons is a craft.
Smith said that because of this specialization, every worker in the needle factory produces thousands of needles every day.He came to the conclusion that if workers choose to work independently rather than as a team, "then they can't make 20 needles per person every day, or even one needle".In other words, due to specialization, large needle factories can achieve higher per capita output and lower per needle output than small needle factoriesaverage cost。
The specialization observed by Smith in the needle factory is widespread in the modern economy.For example, if you want to build a house, most people will look forBuilderBuilders also employ carpenters, plumbers, electricianspainterAnd many other types of workers.These workers specialize in a certain job, and this makes them do better than when they are general-purpose workers.In fact, the use of specialization to achieve economies of scale is one of the reasons for the prosperity of modern society.
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Industry background
scale effect
In just one yearPCThe position of the industry moved greatly.Subsequent to the middle of the yearHPexceedDellAfter becoming the first, the second quarterAcerMore thanassociationBecome the third.At the same time of the change of the PC industry giantsTCL、Founder、GatewayThe rumor that the brand computer business was acquired came one after another.The so-called "no wind, no fire" has further verified the anxiety and anxiety of various enterprises in the new round of integration of the PC industry.
Analysts believe that the scale effect of the PC industry is more prominent, and it is an inevitable trend for the integration tide to appear again.The reporter found in the survey that the first tier manufacturers were reluctant to take over, the second tier manufacturers could not afford to take over and were cautious, and the seller was eager to divest its business due to its own operating pressure and competitive pressure, which was the main tone of this round of M&A prelude.
Change of position
HP is pulling away from Dell, and Acer has overtaken Lenovo.The winners are still accelerating, and the temporarily laggards are also struggling to overcome.
Since the second quartermarket shareAfter overtaking Dell, HP stillaccelerationWiden the gap with Dell.“Mark Hurd Take officeCEOAfter that, HP'sCost awarenessCombined with its high-quality services, it has changed HP's image and naturally increased its market share. "CCW Research senioranalystGuo Chang said so about HP.However, a person familiar with HP believes that there are also some hidden worries in HP's high-speed development: "Mark Hurd's very refined management is different from the traditional extensive‘HP way ’Different.Now everyone's task pressure is very high. Although we have completed the performance, it may also lead to some short-sighted situations. "
Hewlett Packard, the global PC leader, is worried about the competition with Lenovo in the Chinese market."HP used to hire people from Lenovo at all costs. As long as Lenovo's people wanted to come, they would arrange a position, not because of lack of talent." An insider told reporters that HP targeted some front-line market personnel from Lenovo.In addition, HP has launched suitable products specifically for the Chinese market, and no longer has the impression of being expensive in China.
Dell's situation is not ideal, and there is no sign of improvement."What Dell is currently facingSubstantiveThe problem isBusiness model, what it insists onDirect sales modeHard to coverdeveloping countryandSmall and medium-sized cities。If the direction and strategy of the enterprise do not change, even if Dell himself takes charge of the company again, I do not think it will bring much improvement. "GartnerYe Lei, chief analyst of China's hardware market.Judging from the signs, Dell is still adhering to the direct sales model, and will focus onControl costsAnd developmentconsumer market 。The reporter found in the interview that Dell, which has been losing talents, is entrustinghead-hunting companyRecruit people from multiple IT companies to supplement and replace their senior teams.
Lenovo's share of the Chinese market in the overall business is increasing.People familiar with the matter told reporters that the Chinese market supports Lenovo's global revenue and profits, but it holds the ChineseWage level。While the business in the United States is declining, it is enjoying the wage level in the United States.At the same time, China has developed well, but it has received increasing sales pressure to bear the shrinking region.
Scale effect of team cooperation
Insiders told reporters that after Lenovo acquired IBM, there was a relationship between Lenovo and IBM employeescultural conflict。sinceWilliam Amelio After changing jobs from Dell to Lenovo, the "Dell Gang" moved to Lenovo again, making it more difficult for the three parties to integrate.“Liu ChuanzhiHe once reminded Amelio on behalf of the shareholders that it is good to introduce talents, but the direction of introduction cannot be too single. "Lenovo hired Wei Jianglei, the director of HP's Chinese brand, to take the postGreater ChinaThe vice president in charge of strategy and operation, first, makes talents more diversified, and secondcommunication skillsExtremely strong, mainly responsible for communication between Lenovo Greater China and the headquarters.
Fortunately, Lenovo has realized the problem and has taken action: in early April, it announced the establishment of a new consumer unitYang Yuanqingleader.On April 19, 2012, it was announced that 1400 people would be cut off globally, and some high cost positions would be moved to low cost areas."They should move faster," Ye Lei commented.
Buy and sell
The sound of buying and selling is getting louder.Dell acquirer Zheng, Dell Hewlett Packard scrambled for TCL, Acer acquired Gateway in the United States, and the rumors of acquisition came one after another, and the parties were denying it again and again.The reporter found in the interview that,industry insidersThey all hold the same view. The scale effect of the PC industry is more prominent. It is an inevitable trend for the integration tide to appear again. The strong will balance the strong.At this time, enterprises without absolute leadership in the PC field are under pressure to be sold;However, it is not necessarily the world's largest PC enterprise that has taken the initiative to acquire.
At the forefront of acquisition rumors, one of HPproduct managerTell the reporter: "I haven't heard any news about the acquisition in the company yet. As an insider of the company, I think the acquisition is unlikely, because it doesn't help our domestic business much, and it is difficult to manage when the stall is large, unless it is to surpass Lenovo's domestic market share in the short term, but at present we don't have such a goal."Scale effect can affect people and an industry.
Considering the business model, the acquisition of Dell means the change of direct sales, that is, to give up direct sales, which has always been called its unique advantage. This decision is not easy to make, so Dell will be more cautious about the acquisition."Globally, these types of enterprises have acquisition needs: first, they are not necessarily the first and second companies in the industry, but the third, fourth and fifth companies seem more likely, and they need to become bigger and stronger.In addition, complementary enterprises in global regions are more likely to acquire. For example, Gateway is strong in the United States, but weak outside the United States. Acquisition is the fastest and most effective way to enter new markets. "Ye Lei expressed this view.
Expert opinion
"The acquisition is not about buying brands and technologies, but about regionsCoverage、Sales ability, channel capability and local sales personnel. "Ye Lei summarized the important measurement factors of acquisition in this way.
scale effect
Who wants to sell? Ye Lei thinks that those PC businesses are not important in the whole company, and PC is not the only main business or nonMain business's company may want to sell more.In fact, the competition in the domestic PC industry is very cruel, and the survival pressure of the second and third tier manufacturers is very great.
Although there is a big demand for acquisition and integration in the industry, the acquirers have become more cautious."You want to sell if you don't do a good job now. I need to make up the hole before I can consider the business problem. Do I have the ability to make up the hole, and I don't know where you have any secrets." Guo Chang believes that more equity participation andstrategic cooperation Form of.
Guo Chang believes that "future acquisitions should not occur between domestic first tier and second tier manufacturers, because theirTarget customersBasically coincident, difficult to achieve1+1Greater than 2.International manufacturers are more likely to acquire domestic manufacturers.The acquirer may be AcerBenQSuch second tier enterprises have been unable to open up their domestic situation for a long time.It is more likely that the acquiree is an enterprise with PC non main business. "
First tier manufacturers are reluctant to take over, second tier manufacturers cannot afford to take over and are cautious, while the seller is eager to divest its business due to its own operating pressure and competitive pressure - this is the general situation.
The PC industry is experiencing another trend of great integration, but this time it is more urgent to sell than to buy.
Scale of ancient bridge
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Condition of ancient bridge
A marketing expert told the manager of Beijing Guqiao Electric Appliance Co., Ltd. that the "old three pieces" in Beijing were silent, and the "new three pieces" in Beijing were also left behind by others.Your "ancient bridge" is selling well and can last for several years.
This is no joke.Beijing's new and old "three things" have fallen out of favor, while their counterparts have been doing very well.UnexpectedKelongMore than 600000 refrigerators were dried in 1993,MeilingMore than 500000 refrigerators have dried;The market of washing machines and color TV sets is almost dominated by southern enterprises.In 1991, when the smoke of the air conditioning war was just burning, more than a dozen brands of air conditioners immediately went north, and the slogan of "conquer Beijing, occupy North China" was shouted loudly.However, enterprises in Beijing are really facing great pressure due to their own untold sufferings.
scale effect
Seeing hundreds of millions of yuaninvestment projects One by one, one by oneStar rated hotelThe "Guqiao" people are not enthusiastic about the rise of similar factories. They have another idea in mind: Guqiao Air Conditioner 1991Annual output20000 sets, 50000 sets in 1992, and 80000 sets in 1993, still in short supply.The cars waiting in line for goods were waiting anxiously in the hot sun. The sales staff who urged the goods delivered the whole box of cold drinks to the workers who worked overtime in order to get more Guqiao air conditioners.Guqiao air conditioner is out of stock,relation between supply and demandThe marketing theory of "Guqiao" makes anyone understand that "Guqiao" has the opportunity to make a big move quickly.
The way out of the ancient bridge
However, in order to achieve its own development, "Guqiao" had to wait for 8 years for the 40 million yuan of technical transformation funds.The scale of "ancient bridge" is obviously not its own advantage.
As the saying goes, if you walk, I will get on the bridge.General Manager Wang Zifan's words are full of philosophy: "scale can produce benefits, and scale can produce competitive strength, but this is not the only way to produce benefitstechnical contentThe improvement of product quality also brings benefits.In this sense, new technology and high quality are also scale.
Wang Zifan provided evidence for this view during his investigation abroad.He took the world famous Germany as an example“Benz"The output of cars never exceeds 500000, but the sales price is higher than averageSimilar productsIt is 40% higher, and the product will continue to flourish.They don't sell the price of steel and iron. In fact, they sell the technology. It depends on how much your product technology covers.
In the air conditioneroutputIn the case of excess and increasingly stable sales, we should maintain a stableMarket share。stayModerate scaleTo improve the technical level of products and obtain the same highProfit income。Beijinginvestment environmentIt is different from other places. In addition, financial and material conditions cannot be very large, so“Leading technologyThe competitive strategy of "first class quality" is advisable. We should seek benefits from technology, variety and quality, and use this means to compete with enterprises of the same scale.
Market positioning of ancient bridges
"Ancient Bridge" is positioned in the market in this way. With high technology and high quality, the ancient bridge takes root in the market and wins benefits.
"First class quality, leading technology, moderate scale, two markets" is the 16 word order of "Guqiao".Prince Fan said that the "ancient bridge" in Beijing was in the air conditionermarket competition Won't be defeated
In 1993, "Guqiao" strengthened the ideological awareness of "quality first" of all employees, and did not simply compete for quantity, but looked inward to find the gap.They insist that the unqualified original parts will not be put on the machine, and the unqualified products will not leave the factory, so as to strictly control the quality.They came fromcoordination with foreign countries or with other unitsPurchase parts into the factory, strengthen inspection, and strictly follow the technologyquality standardHandle affairs and immediately get stuck in case of quality problems.The introduction of this measure has improved the qualification rate.In order to preventProduction processThere were quality problems in, and they sent some skilledconscientiousnessStrong technicians and cadres go to the workshop to strengthen technologyQuality AssuranceCheck every process, correct and solve any problems found immediately.In pursuit of product reliability, they purchased advancedTesting equipmentIt also stipulates the sampling inspection items arranged by the state, and the enterprise shall change them into mandatory inspection items.Air conditionerThe pipeline system in must be exposed twice to ensureproduct qualityIt is absolutely safe.
In the summer, they held the ancient bridge in time in view of the chaotic installation team and low technical level in the societyAir conditioner maintenanceThe installation knowledge lecture, in order to further improve the warm image of the ancient bridge air conditioner, the Technical Service Department has trained more than 70 technical personnel for the social maintenance department, and broadcast the ancient bridgeProduct reputationThe seed of.
The new products developed by Guqiao in 1993 are not only of high grade, but also marketable and have created considerable economic benefits.Please see the following data:
(1) KF-20GW (3) split wall mounted air conditioner was developed, which has novel design, beautiful appearance and complete functions,Cooling capacityStable, delivered to the national testing center to pass the test once, and after being put on the market, it is deeply loved by the majority of users.In 1993, the production of more than 7000 sets was snapped up. According to preliminary calculations, the profit of this product alone was more than 2.8 million yuan.
Highlight of scale effect
(2) Usingsouth koreaFor indoor units, Guqiao has also developed two new split air conditioners, KF-27 and KF-35, with a total of 3000 units produced throughout the year. After being put on the market, they are very popular, adding new varieties to Guqiao and bringing considerable economic benefits.
(3) The completion of the noise test room provides a good test facility for the development of low-noise air conditioners.The KCS-18J window type low noise developed in 1993 dropped to 49 decibels, much lower thannational standard, which has been put into mass production.
(4) According to the market demand, KFR-20 split heat pump air conditioner KCF-20 window type one supporting two air conditioner has been developed and has been put into production.These new products have a high technical content, reflecting the superb skills and intelligence of the ancient bridge technicians.
Guqiao people worked hard for a year to make this companyTotal industrial output valueCompared with the same period in 1992, it increased by 111.4%, its annual output increased by 59.2%, its sales revenue increased by 89%, and its profits and taxes increased by 13.9%,Total labor productivity67.6% higher than the same period in 1992.
The success of the ancient bridge
The "Ancient Bridge" was successfully built.In the air conditioning war, Guqiao has become a leader in selling famous brands
Since the birth of the first "Guqiao" air conditioner in 1979, it has experienced ups and downs for ten years.It has developed from the only product in its infancy to a powerful family with five types and 55 models.With limited capital investment, the factory has carried out the fourth phase of technical transformation project, and now has sevenProduction line, threeAssembly line, one stamping production line, one spraying production line, twoheat exchangerThe production line has developed from a simple production image of "playing the stall" in 1984 to a modern one using advanced assembly technology and computer networking managementProduction mode。Now Guqiao Electric Appliance Company has advanced production and scientific researchmanagement model We have trained an excellent technical team and trained a large number of skilled workers.Today, advanced microelectronics technologyEnergy saving technology, noise reduction technology and other aspects have been in the leading position in the industry.fixed assetsIt has reached ten times of the initial stage of plant construction,Profits and taxes paidIt is equivalent to adding four enterprises of the same scale to the country, and the economic benefits increase at the rate of 20% every year.The "Guqiao" air conditioner has won the municipal excellent, ministerial excellent and more than 20 other gold awards and the Beijing Excellent Management Achievement Award for many times.
According to the survey of relevant institutions, among the fierce competition among many manufacturers and the competition among the capital market's strong players, Guqiao accounts for 50.2%, winning the favor of consumers.The strength shown by "Guqiao" has become the leading enterprise in the production of air conditioners in northern China.This young tree is growing into a strong tree.
Future of Ancient Bridge
Scale effect or offset cost risk
Can the "Ancient Bridge"Competitive neutrality In an invincible position.Liu Xuguang, Secretary of the Party Committee, has a more sober understanding.He said that in March 1994Sales peak seasonBefore it came, the air conditioning war had already started.This is pressure and power for us.The key is to emancipate the mind and change ideas.Especially if we changemarket economyAnd traditional customs.For example, if the products sell well, we should not promote them.We can't "wait for the door", we should go out of the capital and crossYellow RivertooYangtze River, BenGuangdong and GuangxireachHainan。People are going north in a big way, and we are going south to fight.If you don't expand the market, how can you talk about occupying it.new product development And investment should also be greatly improved.Science and technology are the primary productive forcesIn today's era, whoever has high precision and sophisticated products can occupy the market.It is impossible to win if technology lags behind the market.Guqiao air conditionerFresh air unit, window machine with one support and two air conditioners, low noiseEnergy saving air conditionerWait to mount the horse.We should go all out to develop 3 and 5 cabinet styleHeat pump air conditionerThe heat pump split 25 wall mounted air conditioner, the new product should have the characteristics of small size, light weight, elegant appearance, low cost, high efficiency, and truly create the characteristics of the ancient bridge.
This young party secretary is not only describing the blueprint of the ancient bridge air conditioner, but also telling people the strategy of the ancient bridge in the moderate scale development."Guqiao" has found a new way in the fierce battle of the air conditioning market. It may be useful for the development of small and medium-sized enterprises.The future of the ancient bridge is a constant law.
Academic literature
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scale effect
1. Scale effect refers tomodern industryThe production of most of its products must reach a certain scale level to achieve an economic and reasonable output. The third feature is that the technology of modern industry is usually labor-saving. Accordingly, the distribution of factors is shown ascapital-intensive。
3. The so-called scale effect refers to the place where the production scale is largerproduction efficiencyHigherproduct priceThe more reasonable, the typical industry of scale economy is electronicscomputerIndustry and resource intergenerational compensation tax I. The connotation of intergenerational wealth transfer: intergenerational transfer refers to the free transfer of wealth from one generation to another.
4. Previous studies have shown that the so-called "scale effect" refers tostock marketThe excess return of small and medium-sized companies is higher than that of large-scale companies, which has been confirmed by many scholars.
5. The model of ideal expansion period isengineering constructionThere is also a phenomenon called "scale effect".
6. "Scale effect" refers to stock investmentYieldIt decreases with the increase of the relative size of the company, especially the stocks of companies with small market capitalizationReturn on investmentThe phenomenon of exceeding the market average is also called“Small company effect”(smallfirmeffect)。
8. "Scale effect" refers toCity sizeWith manyEconomic indicatorsThere is a concave or convex curve relationship which is homologous and symmetrical with the concave. Generally speaking, many economic indicators can have greater development only when the city size reaches a certain level.
9. "Scale effect" refers to that each member unit of an enterprise group maintains its scale through specialized division of labor and cooperationContinuitySo that everyone can achieveEconomic scaleEffect produced.
10. A reverse relationship between returns and size is that the stocks of smaller companies tend to have higher returns in the same period of time, especially the smallest group whose returns are significantly higher than those of the second group and other groups. This effect is called "size effect".
China scale
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Highlight of scale effect
Since the reform and opening up,China's economyOver 9% on average every yeargrowth rateContinuous and rapid development,China's riseIt is an indisputable fact.From a global perspective, the impact of China's rise on the world can be summarized as the scale effect in the following aspects.
U.S.AEconomic takeoffIn 1870, there were 42 million people, accounting for only 3.16% of the world's population. In 1950, when Japan's economy took off, there were 83 million people, accounting forWorld populationThe proportion is only 3.3%, but when China's economy took off in 1978,Total populationIt has reached the scale of 960 million people, accounting for more than 22% of the world's total population at that time.
In the future, not only China but also India. The rise of such a huge population will also create a new golden age for the world's development.From a worldwide perspective, 1870-1913 was the first golden development period in the worldeconomic growth rateAbout 2.12%;From 1950 to 1973, the world's second golden development period, when the world's economic growth rate was about 4.2%;Since 1990, if the rise of India and China is included, the global economic growth rate has reached 3%, which is based onWorld BankAccording to the data, the world's third golden development period is likely to occur in the future, that is, 30 years from 1990 to 2020, which will create a period similar to the first and second golden development periods.Such a development period has a great relationship with the population size effect.
The second is the scale effect of employment creation.
In 1960,OECD(Organisation for Economic Cooperation and Development)high income countryThe total labor force accounted for 20% of the world, and by 2002, it had dropped to 15%. From the data of China, it has always accounted for 1/4 of the world total.But if you deductAgricultural labor forceIn 1980, China's non-agricultural labor force accounted for only 6.5% of the world's total labor force, but by 2002 it had nearly doubled, more than 12%.according toDevelopment trendIf the proportion of labor force in OECD countries continues to decline and the proportion of non-agricultural labor force in China continues to rise, then we estimate that the total non-agricultural labor force in China will be equal to the total labor force in OECD high-income countries from 2010 to 2015.This shows that if theHuman capital investment, keep relatively lowLabor priceIt is inevitable that the world's jobs will move to China.
The third is the effect of super economic scale.
According to the latest prediction made by Madison, China willEconomic aggregateIt can surpass the United States, and believes that China's share in the total world economy can reach 23.1%.Of course, not only China, but also India will rapidly expand its share in the global economic aggregate, and this super economic scale will bring great opportunities to the world.
Fourth, the scale effect of opening markets and expanding trade.
When the US economy took off, its trade accounted for the total trade volume of the world rapidly.We can look at such data: China'sexport trade The total amount accounted for only 0.8% of the world total in 1978, 7.2% in 2006, and probably close to 10% in 2010.Of course, the impact of such exports on the world is multifaceted, both positive and negative. But on the whole, the increase of our exports has also led to the increase of our overall imports.It can be said that China's trade has considerable growth potential in the long run.
However, there are always two aspects of things. We should also see the negative side of China's economic growth, which is the scale effect of resource consumption and environmental pollution.With the worldEconomic aggregateThe regional and national layout ofIndustrial layoutLarge transfer, including the change of export proportion.It can be seen that the United States and the European UnionPrimary energyThe proportion of China's consumption in the world's total is declining rapidly.IEA(International Energy Agency)According to a recent report ofenergy consumptionWill replace the United States.Of course, after 2030, they may change their order.This is from the perspective of primary energy consumption.
Let's look at the marginal resource consumption impact of China's rise.According to BP(BP)From 1994 to 2004, China's energy, coal, oil, steelworld marketIt has a great impact, not only on the consumption of resources, but also on the worldResource priceIt has also had an important impact.According to the database of the World Bank to calculate the economic losses of natural assets in China and the United States, the United States' share of its GDP is declining, while China's is rising.From the above analysis, we can see that China has become the top three countries in the world, including Europe, America and JapanEconomiesLargest ofstakeholderTherefore, China needs not only independent rise, but also open rise;Not only rapid rise, but also“Green rise”。