Sociological Analysis on Governmental Investment Driven Economic Growth Model: A perspective from capacity theory

近30多年来,中国经济增长呈现出鲜明的政府投资驱动型特征。已有解释大都过于强调政府投资的动机,而忽视了政府投资的能力。本文提出一个不同于动机论的能力论的解释框架,并分析政府投资能力的具体变动机制。本文指出,中国呈现政府投资驱动型增长的政治动力是特有的经济增长的合法性诉求及关于中国经济增长的认知图武,在该政治动力的驱动下,相继出台了分税制、银政分离制、国企资本化等制度,有意或无意中形塑了中央和地方政府的投资能力。在此基础上,作者利用分省面板数据,构建了一个政府投资能力的回归模型,对已有三种理论和本文的理论解释进行了检验。 

In the last three decades, the Chinese economic development has shown an obvious trait of governmental investment driven. Current explanations overrate the significance of governmental investment incentive and neglect their capacity. This article analyses how the investment capacity of local and central government is formed and varied through a sociological framework of governmental investment capacity. Since reform and opening, Chinese government has gradually formed a preference for economic growth, mainly for the political reason of legitimacy and social stability. Guided by the government's schema about economic issues, a series of important institutional transitions shaped the investment capacity of the government, including the tax distribution reform, financial system reform, the state-owned enterprises reform, etc. On this basis, this paper builds a regression model by provincial panel data to test three existing theories and our hypothesis.

刘长喜 孟辰 桂勇

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