供给侧结构性改革融资支持的政治经济学分析  

The Political Economics Analysis on Financing Support of Supply-Side Structural Reform

作　　者：何思锦 杜晴 范从来[2] HE Si-jin1, DU Qing2, FAN Cong-lai2(1. Anhui University of Finance ＆ Economies, Bengbu, Anhui 233030, China; 2. Nanjing University, Nanjing, Jiangsu 210093, China)

机构地区：[1]安徽财经大学,安徽蚌埠233030 [2]南京大学,江苏南京210093

出　　处：《贵州财经大学学报》2018年第3期14-20,共7页Journal of Guizhou University of Finance and Economics

基　　金：2016年教育部人文社会科学重点研究基地重大项目"长江三角洲全面建设小康社会中的共享发展研究"(16JJD790024)的阶段性研究成果;国家自然科学基金面上项目"信贷传导渠道下货币政策与资本监管的协调研究"(71673132);南京大学研究生跨学科科研创新项目"供给侧改革下驱动企业创新的金融发展模式研究"(2016CW02)

摘　　要：生产过剩是生产条件和实现条件相矛盾产生的结果,归结于生产力与消费力的矛盾,中国供给侧结构性改革的本质就体现为缓解生产力与消费力的矛盾。消费力依托于生产力,因此解决好生产力与消费力的矛盾关键在于提高社会生产力水平。在中国当前的经济形势下提高生产力的核心在于解决好驱动企业创新的问题,特别是创新型企业的融资问题。由于创新型企业具有不确定性高、风险大和投资周期长等特点,根据收益与风险相匹配的原则,除了发展传统的信用形式外,资本型金融(私募股权投资、风险投资等)亦是供给侧结构性改革的重要金融力量。Overproduction is the result of the contradiction between the production conditions and the realization conditions, attributed to the contradiction between the productive forces and the consumption force. Supply-side structural reform is to relieve the contradiction between productive forces and spending power. Consumption power is based on productivity, so the key to solving the contradiction between productivity and consumption is to improve the level of social productivity. Driving innovation, especially the financing of innovative enterprises, is the core of productivity in the context of supply-side structural reform. At the same time, innovative companies have the characteristics of uncertainty much, investment risk high,investment cycle long. Considering the match between benefits and risks, capital finance （private equity,venture capital, etc.） is an important financial support for supply -side structural reform, in addition to the traditional forms of credit.

关 键 词：供给侧结构性改革 生产力 创新 信用 资本型金融 

分 类 号：F047.3[经济管理—政治经济学] F062.3