Effective capital stock, matching of supply and demand and China’s stable economic growth

Abstract

Abstract: Under the background of the continuous deepening of China’s high-quality development, effective investment can further match supply and demand by optimizing the supply structure, so as to overcome the problem of insufficient effective supply at the present stage. This article constructs an indicator system for China’s effective capital stock with different industrial capital efficiency as weights. Compared with previous research, it improves the simple aggregation of capital stock from a theoretical perspective. Meanwhile, this article identifies the problems faced by China’s investment structure by combining the investment efficiency and capital ratio of different industries. Research has found that the problem facing China’s investment structure is that industries with low investment efficiency receive a high share of investment, while industries with high investment efficiency do not receive enough investment share, which leads to insufficient effective supply and unsmooth internal circulation in China. Therefore, it is necessary to activate existing capital and optimize supply structure by increasing effective investment to ensure stable economic growth.

Key words: effective investment, supply-demand structure matching, investment structure, effective capital stock

CLC Number:

HE Jingtong, WANG Zhen. Effective capital stock, matching of supply and demand and China’s stable economic growth[J]. Journal of Guizhou University of Finance and Economics, 2024(01): 1-10.

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