State-Owned Capital Scale Optimization Research

An important function of public finance is to provide public goods to the society, whether it is the western capitalist countries or socialist countries will by state-owned capital management to carry out the important function. Large-scale state-owned capital is not only a national financial investment for a long time the result of the accumulation, its operating efficiency will also affect the national fiscal expenditure scale in the future. As the economic market-oriented reform, state-owned capital scale optimization problem to explore new bitterness in academia. At present our country state-owned capital scale, at the same time, due to the virtual enterprise management, property rights, principal-agent problems lead to state-owned capital management efficiency is not high. At the present stage our country economy are moving in the "new normal", dealing with the relation between government and market, optimizing state-owned capital scale, improve the efficiency of state-owned capital management is the construction of public finance in the new period and improve the economic efficiency of urgent requirements.Under the perspective of public finance in this paper discusses the issue of state-owned capital scale optimization and management efficiency; And build dynamic panel model analyzed the influence of the proportion of state-owned capital on regional economic growth effect, calculates the optimal scale of state-owned capital. Results show that the current state-owned capital scale, in other cases, the influential factors of control of state-owned capital scale and a inverted U shaped nonlinear relationship between regional economic growth, the state capital in the social capital of the optimal scale, moderately reduce the scale of state-owned capital can promote the growth of the national economy. For this reason, first clear government function positioning; Secondly, moderately narrow state-owned capital scale and improve the efficiency of state-owned capital management, speed up to promote the development of the non-public sector; Then, further to promote state-owned capital structure adjustment, play a decisive role in market allocation resources better; Finally, improve the state-owned capital supervision, prevent loss of state-owned capital.