论经济持续增长的财政政策支撑-国民经济学专业论文.docxVIP

PAGE PAGE 4 investment and financing system, etc. makes the impulse of investment expansion of both state-owned and non-state-owned investment subject desalinize; In addition, influenced by Asian financial crisis, the demand for exports falls. Our country macroeconomic growth mainly relies on the pulling strength of investment demand (government investment demand plays very important pulling function among them ) in recent years. The investment-dominated economic growth especially pulled by national debt investment for a long time ,which has the character of planned economy, on one hand ,can cause planning system involution, on the other hand, cannot last long and can easily fluctuate violently; Only the economic growth relying on the leading strength of the consumption demand to spur is continual and steady. The theoretical foundation of positive fiscal policy implemented since 1998 is mainly demand management policies of the school of Keynes – water-drawing policy and compensation policy. As to the actual effect of positive fiscal policy in these years, we can separately calculate the marginal propensity to consume, fiscal policy multiplier, how much financial deficit and national debt investment draws economic growth through the model of simple linear regression in order to investigate. And the crowing-out effect of positive fiscal policy in our country has its special form of behaving. One of the behaving form is caused by supply restriction of enterprises themselves under the condition that the name interest rate is lower, and behavior of bank cherishing loan, the other behaving form is that perhaps there is possibility of tying up the non-governmental investment chance indirectly in the deficit of national debt financing because of the particularity of financial system , industrial policy and state-owned enterprise system of our country. It is time that the positive fiscal policy implemented so many years should be faded out in addition, because our macroec