Research On The Impact Mechanism Of Supply-side Structure Reform On The Quality Of Economic Growth

The report of the 19th CPC National Congress pointed out that socialism with Chinese characteristics has entered a new era,which is a new historical orientation for China’s development.The general background of economic development in the new era is the New Normal of economic development,and the basic feature is to change from high-speed economic growth to high-quality development.With the deepening of Supply-side Structural Reform in the stage of high-quality development,this paper is carried out in the framework of basic research on the quality of macro-economic growth,from both quantitative and qualitative aspects,based on the theoretical basis and the deepening of the Supply-side Structural Reform at the stage of high-quality development.The impact mechanism of Supply-side Structural Reform on the quality of economic growth is studied from both theoretical and empirical perspectives.And by combining the background of the New Normal economy of China,using actual and historical data,we carry out quantitative evaluation to the performance of the Supply-side Structural Reform since its introduction by the policy-based comprehensive evaluation method,to make further clarification of the supply-side structural reform on China’s economic growth quality improvement of the specific impact mechanism.The results show that the total performance index of China’s Supply-side Structural Reform contains between 2.0 and 4.3 from 2014 to 2018.In terms of the overall time span over the past four years,the total performance index of China’s Supply-side Structural Reform has been put forward before and after the reform was proposed.The overall index appears a more obvious twist,indicating that the implementation of the Supply-side Structural Reform has indeed achieved obvious results.Both theoretical and empirical evidence indicates this fact.Among the three mechanisms of the Supply-side Structural Reform affecting the quality of economic growth,the microcosmic effect of supply quality mechanism,the resource allocation effect and innovation effect of efficiency improvement mechanism,and the industrial structure effect of dynamics transformation mechanism all pass the test.