关于积极财政政策挤出效应的研究文献综述

Squeezes out the effect about the positive financial policy the research literature to summarize

积极财政政策否存在挤出效应一直是目前学术界争论的焦点,存在这样的两种观点:一是以吴俊培为代表,认为积极财政政策具有一定的挤出效应,另外一种以郭庆旺为代表,则否认我国的积极财政政策具有挤出效应。财政加大生产性支出有助于提高社会资本收益率水平,因为在其他条件不变的情况下,民间投资与资本收益率正相关,证明了财政投资不排挤私人投资。

The positive financial policy otherwise exists squeezes out the effect has been the focal point which the present academic circle argued, has such two viewpoints： First, take Wu Junpei as representative, thought that the positive financial policy has certainly squeezes out the effect, other one kind take Guo QingWang as representative, then denied that our country＇s positive financial policy has squeezes out the effect. The finance enlarges the production disbursement to be helpful in raises the social capital returns ratio level, because in the other condition invariable situation, the private investment and the capital returns ratio is being related, had proven the financial investment does not push aside the private investment.