投资推动和结构优化:对西部地区经济增长的一个实证分析

The Optimization of Investment Portfolio: An Empirical Study of Economic Growth in Western of China

西部大开发以来,在国家实施积极财政政策和稳健货币政策的宏观背景下,西部地区经济增长势头良好,主要特征是投资对西部经济增长起着主要的推动作用,表现在:资本形成高于全国;国家预算内资金、银行贷款是主要的资金来源之一;国有经济固定资产投资占主导地位,但是所有制结构趋于优化;基本建设规模大;中长期贷款及其基本建设贷款增势强劲。文章认为由于西部地区基础设施密度与全国平均水平相差很大,历史欠账较多,要继续加大对西部地区直接投入力度,同时注意投资结构的优化,关注西部可持续增长问题。

Since Grand Western Development, the economic in Western part has been growing with great impetus under the circumstance of positive fiscal policy and sound monetary policy implemented by the state. Its main characteristic embodies that the investments play an important role in promoting the economic growth in Western part. The following aspects can manifest the above characteristic: the higher capital formation ratio compared with that of the state; the state budgetary appropriations and domestic loans function well; the investments in fixed assets of state-owned units predominates in all kinds of investments while the ownership structures tend to be optimizing; the basic capital constructions expand over-scale. Due to the fact that the density of infrastructure facilities in Western part lag behind that of the average level of the whole state and also the history burdens accumulate , the author points out that the central government should increase its direct input and much attention should be paid to the optimization of the investment portfolio and the sustained development of the Western part.