摘要
政府引导基金与其运营环境的协调发展对解决资源配置市场失灵、提升区域经济发展质效具有重要意义.本研究通过对政府引导基金“募集、管投、退出”各阶段运营效率测算,“创新、金融、产业、民生、财政”各维度运营环境水平评价,揭示了政府引导基金与其运营环境的耦合协调关系.研究发现:总体上政府引导基金与其运营环境进入了协调发展初级阶段.其中,在政府引导基金的管投及退出阶段,二者耦合协调水平相对不足;创新环境与政府引导基金管投及退出的耦合协调关系还处于失调范围;财政环境高位发展是东部二者耦合协调水平相对领先的主要因素,但无法解决东部政府引导基金退出效率低下问题.为促进政府引导基金与其运营环境形成高度协调发展格局,中西部应优先提升创新环境;东部应着力强化大规模基金运营能力;政府引导基金需注重系统化运营管理,避免风险累积导致的退出困境.
The coordinated development of government guiding funds and their operating environment holds significant importance in resolving market failures in resource allocation and promoting the quality and efficiency of regional economic development.This study revealed the coupling and coordination relationship between government guiding funds and their operating environment,through the calculation of the government guiding funds operational efficiency in each stage of“fundraising,investment management,and exit”and the evaluation of operational environment level in various dimensions of“innovation,finance,industry,people’s livelihood and fiscal”.The study discovered that,in general,the government guiding funds and their operating environment have entered the initial phase of coordinated development.Among them,the level of coupling and coordination between the two is relatively insufficient in the stage of the management,investment and exit;the coupling and coordination relationship between the innovation environment and the stages of management,investment and exit stay imbalanced;the high-level development of the fiscal environment represents the principal factor contributing to the elevated level of coupling and coordination between the two systems in the eastern region,but it cannot solve the problem of inefficient exit of the eastern government guiding funds.To encourage the development of a highly coordinated approach between government guiding funds and their operating environment,the central and western regions should give priority to enhancing the innovation environment.The eastern region needs to focus on improving the operational capacity of large-scale funds;The government guiding funds require systematic operation and management to prevent the exit dilemma resulting from the accumulation of risks.
作者
晏文隽
徐嘉宁
柴建
何浩楠
YAN Wenjun;XU Jianing;CHAI Jian;HE Haonan(School of Economics and Management,Chang’an University,Xi’an 710064,China;School of Management,Xi’an Jiaotong University,Xi’an 710049,China;School of Economics and Management,Xidian University,Xi’an 710126,China)
出处
《计量经济学报》
CSSCI
CSCD
2024年第2期533-566,共34页
China Journal of Econometrics
基金
国家社会科学基金(21BJL043)。
关键词
政府引导基金
全链条运营效率
运营环境因子
耦合协调
government guiding fund
whole chain efficiency
operation environment factor
coupling coordination
