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新近一期的《探索与争鸣》杂志刊登了吴敬琏论述经济新常态的文章。吴敬琏说,近年来大多数人已经认识到,中国经济高增长、低效率、靠大量投资支撑的旧常态已经不可维持。它必然要过渡到一种新的常态。研究应对增长减速的方针政策,可以运用不同的分析框架。分析框架不同,得出的政策结论也会有很大不同。2009年起,开始流行“三驾马车”理论,即认为经济增长速度取决于消费、投资、净出口的需求强度。据此,中国经济的增长乏力是由于上述三项
A recent issue of “Exploration and Contention” published an article by Wu Jinglian on the new economic normal. Wu Jinglian said that in recent years most people have realized that the old normal of China’s high economic growth, inefficiency and massive investment support has become unsustainable. It is bound to make a transition to a new normal. To study the guidelines and policies to deal with the slowdown in growth, different analytical frameworks can be used. Different analytical frameworks lead to very different policy conclusions. Since 2009, the popular “troika” theory has started to emerge. That is, the rate of economic growth depends on the intensity of demand for consumption, investment and net exports. Accordingly, the sluggish growth of China’s economy is due to the above three items