中国的经济结构转型缘何难以实现--基于公共投资、经济增长与结构转型关系视角的研究

Difficulties in Realizing Economic Structure Transition in China——Based on the Relation of Public Investment,Economic Growth and Transtion of Economic Structure

从中国的实践看,积极财政政策的实施似乎总与结构失衡加剧如影随形,两者之间的关系容易让人做出"由此及彼"的判断,认为大规模的公共投资建设在维持经济快速增长的同时,也加剧了结构失衡,威胁着经济增长的长期性、持续性。基于中国实践的研究表明,在中国特有分权体制下,地方政府内在的投资冲动,确实强化了经济结构的失衡,但公共投资作为政策工具本身与结构转型之间并无必然联系。在控制财政分权等体制性因素的条件下,公共投资与经济总量的过快增长均对结构转型产生显著的抑制作用,因此维持适度的经济增长和投资增速有利于结构转型的实现。

Positive financial policy always goes along with unbalanced economic structure in China.It is easy to follow the simple logic and make the judgment that large-scale public investment construction may aggravate structural imbalance and threaten sustainable economic growth while maintaining rapid economic growth.Based on research of Chinese practice,intrinsic investment impulsion of local authority indeed strengthens the imbalance of economic structure under specific decentralization system of China.But as a policy tool,public investment doesn't have positive connection with the transition of economic structure.However,under the control of finance decentralization and other institutional factors,excessive growth of public investment and economic aggregate has remarkable inhibitory effect on transition of economic structure.Therefore,moderate economic growth and investment increase will benefit the transition of economic structure.