摘要
地方政府如何在公共部门激发市场活力,以及如何针对自身条件更为有效地发挥政府的引导作用,是亟待解决的现实问题。本文利用政府和社会资本合作(PPP)项目层面的微观数据,验证地方政府引导市场的措施对公共领域社会资本吸纳效果的影响。本文发现,地方政府的收益支持、推进效率和权利让渡是吸引社会资本的重要因素。上述引导市场措施的效果受到项目所在地区市场化程度的影响,而且在考虑了地区经济发展程度、财政实力、公共品供给水平之后仍较为稳健。在进一步区分社会资本的所有制类型后发现,权利让渡是吸引民营社会资本的重要因素。对现有制度背景下的PPP模式研究,本文做出了两方面的补充,一方面弥补了现有研究在项目层面的微观证据的缺乏;另一方面为改善PPP模式的社会资本吸纳效果、激发市场活力提供了来自中国的实证证据与政策建议。
It’s of vital importance to know how local governments can stimulate the market vitality in public sectors and how they should put forward corresponding measures based on their own conditions so as to play a more effective role in guiding the market.Based on micro-level database of Public-Private Partnership(PPP)projects,this study tests the effect of local governments’guidance on PPP projects’absorptive capacity of social capital.Results show that more income support,higher efficiency and more rights transferred from local governments are important factors to attract social capital.In the meantime,the effect of government guidance measures is affected by marketization level and is robust when levels of economic development,financial strength,and provision of public goods are controlled.After further distinguishing the ownership of social capital,we find that rights transferred from local governments are important factors to attract private capital.This study sheds light on PPP mode research under current institutional background.First,this study makes up for the lack of quantitative analysis at the PPP project level.Second,it provides empirical evidence and corresponding policy suggestions to improve the social capital absorption effect of PPP and to stimulate market vitality in China.
作者
冯净冰
章韬
陈钊
Feng Jingbing;Zhang Tao;Chen Zhao(School of Business,East China University of Science and Technology;School of International Business,Shanghai University of International Business and Economics;School of Economics,Fudan University)
出处
《经济科学》
CSSCI
北大核心
2020年第5期19-31,共13页
Economic Science
基金
教育部人文社会科学研究青年基金项目“中国基础设施投资的社会资本吸纳效果——基于中国PPP项目数据的实证研究”(批准号:18YJC790027)
中国博士后科学基金(批准号:2018M631985)
国家自然科学基金“中国地方政府融资平台债务重构及其风险缓释”(批准号:71473041)资助。
