地方政府施政风格与经济高质量发展——基于僵尸企业的研究视角

Local government governance style and high-quality economic development:From the perspective of zombie firms

在经济进入新常态、推动高质量发展的今天,政府应当扮演着什么样的角色?这是学术界迫切需要回答的重要问题,也是政策制定者、改革践行者最为关心的问题之一.本文区分了两种风格迥异的施政风格:浮夸型与稳健型,并通过政府工作报告的文本分析进行捕捉.在验证该量化方法合理性的基础上,以僵尸企业为研究切入点,以中国工业企业数据为样本,实证检验政府施政风格在其中所起的作用.研究发现:地方政府施政风格越浮夸,当地企业僵尸化的程度越高.进一步研究还发现,当僵尸企业在当地的社会重要性越高时或债务处置难度越大时,地方政府浮夸型施政风格与当地企业僵尸化程度之间的正向关系会表现得更加显著.僵尸企业的存在不仅扭曲了优胜劣汰的市场竞争机制,而且损害了市场资源配置的效率.因此,本文研究对于探索新常态下地方政府如何转化职能,加快实施僵尸企业的破产重组盘活,进而优化市场资源配置、促进经济高质量发展迈向新台阶具有积极的实践意义.

In the context of the economy entering the new normal and promoting high-quality development,the role that the government should play is not only an important question that the academia urgently needs to an-swer,and but also one of the issues that policymakers and reform practitioners are most concerned about.This paper distinguishes between two different styles of governance:Pompous and steady,captured through text a-nalysis of government work reports.After verifying the rationality of this quantitative method,this study focu-ses on zombie firms,using the data of Chinese industrial enterprises as samples to empirically test the role played by the government’s governance style.The study found that the more pompous the style of governance of local governments,the higher the degree of zombification of local enterprises.Further analysis reveals that when the social importance of zombie firms is higher or the difficulty of debt disposal is greater,the positive re-lationship between the pompous government governance style and the zombie firms is more pronounced.The existence of zombie enterprises not only distorts the market competition mechanism of survival of the fittest,but also damages the efficiency of market resource allocation.The research has practical significance for exploring how to transform government functions under the new normal,accelerating the implementation of bankruptcy,reorganization and revitalization of zombie enterprises,optimizing the allocation of market resources and achie-ving high-quality economic development.