地方财政治理与供给侧改革措施研究——基于“华为外迁”的案例

Research on the Reform of Local Fiscal Governance and Supply-side Measures——Based on the Case of "Huawei's Moving away from Shenzhen"

本文基于供给侧改革的视角,首先通过"华为外迁"的案例分析,得出地方政府过度依赖土地财政对实体经济产生"挤出效应";接着通过房地产行业与固定资产投资的数据分析,研究土地财政带给实体经济企业的压力;最后通过狭义土地财政依赖度与广义土地财政依赖度的财政分析,研究"双面"土地财政的影响,并进一步分析中国在财政压力不断增加的情况下非税收入的变化情况。基于以上分析,本文给出以下政策建议:一是国家方针政策的倾斜与配合;二是切实采取为企业"降成本"的举措;三是提高实体经济软实力。

This paper is based on the perspective of supply side reforms. First of all, through the case analysis of ＂Huawei moving away from Shenzhen＂, we conclude that the local governments are excessively dependent on land finance and lead the real economy to have a ＂crowding out＂ effect. Then using the data of the real estate industry and the fixed asset investment, we study the pressure which the land finance brings to the enterprises of the real economy. Finally through analyzing the narrow land financial dependence degree and the generalized land financial dependence degree, we study the ＂two-sided＂ land finance. Furthermore we analyze the non tax revenue changes of China under the increasing financial pressure. In this paper, we have the following policy recommendations： First, national policy should tilt for the real economy; Second, to take practical measures for enterprises＇ ＂cost reduction＂ ; Third, to improve the soft power of entity economy.