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政府关注点从管理总需求转向管理总供给,这也意味着“三驾马车”概念慢慢淡化。从总需求结构看,拉动增长的核心是投资,而为了保持一定增速,政府可以通过增加政府性投资来改善总需求,这是典型的凯恩斯主义管理方法。如果转向改善供给,则未来增长更多依靠劳动和资本等生产要素的供给和有效利用。按照供给经济学理论,个人和企业提供生产要素和从事经营活动是为了谋取报酬,对报酬的刺激能够影响人们的经济行为,市场可以通过要素报酬机制自动调节要素供给和利用。在这种思想下,要想增加要素供给,提高要素报酬,就应当消除阻碍市场调节的制度因素。
Government attention shifted from managing aggregate demand to managing aggregate supply, which also meant that the concept of “troika” slowly fades. From the perspective of aggregate demand structure, the core of stimulating growth is investment. To maintain a certain growth rate, the government can improve aggregate demand by increasing government investment. This is a typical Keynesian management approach. If we turn to improving supply, the future growth depends more on the supply and efficient use of productive factors such as labor and capital. According to the theory of supply economics, individuals and enterprises provide the production factors and engage in business activities in order to obtain remuneration. The stimulation of remuneration can affect people’s economic behavior. The market can automatically adjust the supply and utilization of factors through the element reward mechanism. Under this kind of thinking, in order to increase the supply of factors and increase the remuneration of elements, the institutional factors that hinder market regulation should be eliminated.