区位劣势、PPP项目社会资本参与和引资质量  

Geographical Location Disadvantage,Social Capital Participation and the Quality of PPP

作　　者：沈言言 宗庆庆[2] Shen Yanyan;Zong Qingqing

机构地区：[1]合肥工业大学经济学院 [2]上海财经大学公共经济与管理学院

出　　处：《财政研究》2022年第10期46-59,共14页Public Finance Research

基　　金：教育部人文社会科学研究青年基金项目“地方政府环境目标约束与绿色PPP项目融资研究:理论机制和效应评估”(22YJC790104);中央高校基本科研业务费专项资金“中国PPP项目引资质量评价与对策研究”(JS2022ZSPY0034)。

摘　　要：借助中国独特的大样本PPP项目库,本文检验了区位劣势对社会资本参与PPP项目的影响及其可能的作用机制。实证结果表明:区位劣势地区的PPP项目中社会资本出资占比更多;这一现象可能与地方政府主要和国有企业(尤其是市县级国有企业)签约PPP项目以及“以地引资”的模式有关;区位劣势地区的这种引资模式并不具有持续性,因为这些地区的PPP项目更可能会迟迟不开工;进一步的调节效应检验结果表明,PPP市场透明度有效缓解了上述引资模式的负面影响。Utilizing China’s unique large-sample PPP project database,this article examines the effect of geographical location disadvantage on social capital participation and its possible mechanism.The empirical results show that:The social capital investment in PPP projects in areas with disadvantaged geographical location are larger than those in other areas.The underlying mechanism is that local governments mainly sign PPP projects with state-owned enterprises(especially city-level and county-level state-owned enterprises)and adopt“land transfer to attract investment”model.This investment model in areas with disadvantaged geographical location is not sustainable,because the projects in these areas are more likely to delay in construction commencement.PPP market transparency can alleviate the negative impact of the above investment model.

关 键 词：PPP 区位劣势 社会资本参与 引资质量 

分 类 号：F812.7[经济管理—财政学]