日本公共投资:90年代投资低效的原因、改革方向及启示  

Public Investment in Japan:the Reason for Investment Inefficiency in the1990s,the Direction of Reform and the Lessons for China

作　　者：赵瑾[1] 

机构地区：[1]中国社会科学院财经战略研究院

出　　处：《日本学刊》2014年第6期110-123,共14页Japanese Studies

基　　金：中国社会科学院创新工程项目"国家主权债务危机:理论;影响与中国的战略"

摘　　要：公共投资具有形成社会资本的长期供给效应和创造有效需求的短期需求效应。20世纪90年代日本实行经济刺激,扩大公共投资的结果不仅没有使日本摆脱经济停滞,相反却累积了巨额的债务。21世纪日本公共投资理念由注重短期转向长期、公共投资主体由政府主导扩展到允许民间介入、公共投资结构强调社会资本产业配置要"集中"进行"重点"投资,使公共投资在财政支出中占比不断下降。吸取日本公共投资的经验和教训,中国应制订公共投资五年计划、确立公共投资的"重点"、引入"民间主动融资"方式让民间资本介入公共投资,以提高公共投资效率。Public investment has a long- term supply effect of forming social capital and a short- term demand effect of fostering effective demand. In the 1990s, Japan had implemented economy stimulation policy, however, expanding public investment did not save Japan from stagnation. In the 21st century, the philosophy of Japan＇s public investment has shifted from a short-term orientation to a long- term one, with the main investors shifting from government to private investors. By learning the experiences of Japan＇s public investment, China should formulate five - year plan of public investment, and engage private capital by introducing PFI, to raise the efficiency of public investment.

关 键 词：公共投资 投资低效 凯恩斯效应 社会资本配置 

分 类 号：F131.3[经济管理—世界经济]