摘要
本文利用全国31个省市数据建立面板模型,分析物质资本财政支出和人力资本财政支出对全要素生产率的影响。研究发现,物质资本财政支出和人力资本财政支出均对全要素生产率具有较明显的促进作用,且两者存在积极的相互影响。因此,地方政府应进一步加大对物质资本财政支出和人力资本财政支出的投入力度,并力求发挥两项财政支出的最佳合力。建议:一是积极扩大物质资本财政支出,并率先用于投资、孵化和培育先进产业,引导市场经济转型升级和发展;二是积极扩大人力资本财政支出,并在营商环境建设、人力资本积累、公共福利保障等多方面发挥较大作用;三是发挥两者合力,进一步扩大物质资本提高对人力资本的外部效应,提高人力资本水平,并进一步吸引更多产业、资本集聚,提高全要素生产率。
Based on the data of 31 provinces,this paper establishes a panel model to analyze the impact of financial expenditure of physical capital and human capital on total factor productivity.It is found that both financial expenditure of physical capital and financial expenditure of human capital have significant promoting effect on total factor productivity,and the two have a positive interaction.So the local government should further increase the financial expenditure of material capital and human capital,and strive to exert the best joint force of the two expenditures.Specific policy suggestions include:first,actively expand fiscal expenditure on material capital and take the lead in investing in,incubating and cultivating advanced industries to guide the transformation,upgrading and development of the market economy;Second,actively expand financial expenditure on human capital,and can play a greater role in the construction of business environment,human capital accumulation,public welfare protection and other aspects;Third,in giving play to the joint force of the two,we should further expand the external effect of physical capital on human capital,improve the level of human capital,and further attract more industries and capital agglomeration,improve the total factor productivity.
作者
谢姗
XIE Shan(The People's Bank of China Nanjing Branch,Nanjing Jiangsu 210004)
出处
《西部金融》
2021年第11期33-36,共4页
West China Finance
