我国国有企业如何响应外生经济波动:不同性质经营主体策略互动的视角  

How Chinese State-owned Enterprises Respond to External Economic Fluctuations:A Perspective of Strategic Interaction among Different Ownership Firms

作　　者：石明明[1] 张小军[2] Shi Mingming;Zhang Xiaojun(Business School,Renmin University of China;Department of System Reform,National Development and Reform Commission)

机构地区：[1]中国人民大学商学院 [2]国家发展和改革委员会体制改革综合司

出　　处：《政治经济学评论》2024年第3期68-89,共22页China Review of Political Economy

摘　　要：面对供给侧或需求侧短期变动引致的外生经济波动,经济体系内不同所有制类型的经营主体响应存在区别。本文构建了需求侧与供给侧外生冲击情形下政府与不同所有制企业的多阶段动态博弈模型。研究表明,当出现外生重大冲击时,随着最优规制参数变化,民营企业自发调整产出;而国有企业将承担更多公共功能,以维持总产出相对稳定,从而市场体系内生出两类主体的行为差异。随着外部冲击消退和市场功能修复,最优规制参数相应优化,不同经营主体的最优产出相应进行调整,市场呈现功能性与结构性调整特征。国有企业制度是我国经济治理现代化的基础性、关键性制度。从多种所有制企业行为交互视角出发,应推动建立一种有利于实现整体公共目标的包容性的行为监管框架,并基于公共目标的变化来推进国有企业的功能调整和布局优化。Faced with macroeconomic fluctuations caused by short-term changes in supply or demand,business entities of different ownership types within the economic system respond differently.This article constructs a multi-stage dynamic game model between the government and enterprises of different ownership types under external shocks in demand and supply.The study shows that when there is a significant external shock,private enterprises spontaneously adjust their output with changes in optimal regulatory parameters,and state-owned enterprises under regulation will undertake more public functions to maintain relative stability of total output,resulting in behavioral differences between the two types of entities in the market system.As external shocks subside and market functions recover,the optimal regulatory parameters are optimized accordingly,and the optimal output of different business entities is adjusted accordingly.The market presents functional and structural adjustment characteristics.The state-owned enterprise system is the fundamental and crucial system for modernizing the governance of China's market system.From the perspective of the interaction of various ownership enterprise behaviors,it is necessary to promote the establishment of an inclusive behavioral regulatory framework that is conducive to achieving overall public goals,and to promote the functional adjustment and layout optimization of state-owned enterprises based on changes of public goals.

关 键 词：外生经济波动 国有企业 最优规制 供给侧结构性改革 

分 类 号：F276.1[经济管理—企业管理]