金融危机后美国“供给侧”改革效应——兼论中美贸易特征事实

The Effect of Supply-side Reform in the USA after the Worldwide Crisis——Concurrently Discuss the Facts of Sino-US Trade

再工业化是美国在危机后重振经济的重要战略,虽没有实现"倍增计划",但美国能在危机后迅速复苏、保持国际竞争优势,源自生产要素供给改革。对比美国再工业化战略实施后中美两国贸易典型事实,分析美国"供给侧"改革措施及其效应。事实证明,美国通过减税、培训、量化宽松、创造高级要素及组合现有要素等措施已逐步解除供给抑制、提高了企业生产率,从而获得新一轮改革红利。这些都为中国"供给侧"改革提供有益借鉴。

Reindustrialization is an important strategy for the United States to revive the economy after the crisis. Although failing to realize the Doubling plan, what makes the United States quickly recover and maintain the international competitive advantage lies in the supply reforms of the productive elements. By comparing the facts and characteristics of the Sino-US trade after the implementation of this strategy, the paper analyzes the United States' supply-side reform measures and their effects. The United States has gradually released direct and indirect supply suppression and improved productivity of enterprises by tax-cutting, training, quantitative easing, creation of new and sophisticated factors, and combination of existing factors. The United States has obtained a new round of reform dividends. All of these provide a useful reference for China, where supply-side reform is underway.