Research On The Optimization Of Regional Distribution Of State-owned Capital Distribution From The Perspective Of Provincial Marketization

This paper explores the effect of the proportion of state-owned capital on regional social and economic development by constructing a two-sector mixed oligopoly model.When the level of regional marketization is low,the social burden borne by state-owned capital is heavy,and socio-economic development is inefficient for state-owned The tolerance is relatively high,and the relatively high proportion of state-owned capital plays a role in promoting regional social and economic development;When the level of marketization increases,the market system tends to improve,and a higher proportion of state-owned capital will inhibit regional social and economic development.Empirical analysis by constructing a dynamic panel model and panel threshold model of China's provincial panel data shows that the regional economic growth effect of the proportion of state-owned capital exhibits an "inverted U" characteristic,which changes with regional marketization levels and has a threshold effect.At present,China's marketization level has not yet crossed the threshold,and state-owned capital still has a role in promoting economic growth,but due to certain problems in the regional distribution of state-owned capital,state-owned capital has not fully played its important role.In the short term,we should appropriately adjust the regional distribution of state-owned capital with reference to the market-oriented reform process in each region,and better play the role of state-owned capital;targeted reforms should be carried out on the related problems in the state-owned sector to improve the efficiency of state-owned capital,and integrate The commercialization orientation of China has been transformed into a strategic and service orientation,reducing the crowding-out effect of state-owned capital on non-state-owned capital in the competitive field,better serving national strategy andpeople's livelihood needs,and shouldering more strategic responsibilities and livelihood burdens.Strengthen the leading role of state-owned capital in economic development;in the long run,we should refer to China's overall marketization level and the marketization level of various regions to gradually control and reduce the proportion of state-owned capital.