The Impact Of Macro-control To The Ownership Structure

The ownership structure is an important part of China’s macro-economic field, it directly affect the upgrading of industrial structure, optimizing the allocation of resources and the healthy and sustainable development of the economy. Since reform and opening to the world.the overall trend of changes in the ownership structure of the state-owned proportion is decreasing, China’s non-state-owned enterprises gradually developed. However, since2008the government introduced a series of macro-control policies to deal with the global financial crisis,Chinese ownership structure changes in the emergence of new characteristics, some scholars believe that "the country back into" phenomenon.It is in this background, this paper studies the mechanisms of macro-control policies on the impact of the change in ownership structure.To respond to the economic downside risks to maintain steady economic growth has played a very active role in the macro-control policy and practice, but to some extent, the impact of the recovery of the non-state-owned enterprises.Unfavorable factors of the development of non-state-owned enterprises not only affects the the effect of the government’s macro-control, the same time, the government during the new round of macro-control, subject to many constraints on the choice of policy tools.The paper was aimed at explaining the macro-control policies and the internal relations of the ownership structure by constructing a dynamic stochastic general equilibrium model of the ownership structure, seeking to improve macro-control, avoiding the austerity measures introduced by the government to produce the "side effects" of non-state-owned enterprises.This paper is cut from the analysis of the microscopic theory, the ownership structure is divided into state-owned enterprises and non-state-owned enterprises, highlight the characteristics of enterprises of different ownership. Through model establishment and solving, parameter estimation, simulation of the economy, variance decomposition, drawn1%increase in government spending in fiscal policy to promote output growth0.23%of state-owned enterprises, non-state-owned enterprises output growth is0.09%;The same time, monetary policy in the money supply increased by1%to stimulate the output of state-owned enterprises increase of0.15%, and non-state-owned enterprises output growth is0.03%.Therefore fully implies that the macro-control policies are more favorable to the state-owned enterprises, so as to explain the ownership structure mechanism affected by the macro-control policies, and in recent years "the country back into "phenomenon. This paper concludes with policy recommendations to deal with.