新型城镇化资金供需分析

An Analysis of the Money Supply and Demand in New Urbanization

本文通过对新型城镇化资金供需的实证分析,得出以下结论:财政、金融对城镇化建设的正向作用显著、持续期较长,但金融创新不够,财政、金融协调欠佳,制约了正向作用的发挥;金融对城镇化的贡献较大;随着城镇化的质量提高和难度加大,财政支出、社会融资规模对城镇化建设的边际作用在减小。为了促进新型城镇化的健康可持续发展,应逐步建立和完善透明化、强约束、多元化的新型城镇化资金保障长效机制。具体建议:加快财税体制改革,提高财政资金使用效率;优化金融资源配置,构建多元化融资体系;加强政府与金融市场协作,引导社会资本参与。

This paper presents an empirical analysis of the money supply and demand in new urbanization, and comes following conclusions that the fiscal and financial influences on urbanization are positive, significant and last long, but financial innovation is not enough and the coordination between fiscal and financial institutions is not good, which limits the positive influences; the financial influences are great; with the increase in the quality and difficulty in urbanization,the marginal influences of fiscal expenditure and social financing scale on the urbanization construction reduce. To promote the healthy and sustainable development of new urbanization, it's necessary to establish a transparent, strong constraining, comprehensive, long-term mechanism to ensure the money for new urbanization. It's recommended to speed up tax reform, improve the efficiency of fiscal expenditure, optimize the allocation of financial resources, construct a diversified financing system, strengthen the collaboration between government and financial markets, and guide social capitals to participate in urbanization.