Research on the Operation Mode of "Effective Government + Efficient Market": The Logic and Framework of Mezzoeconomics

CHEN Yun-xian; LI Yi-da; WANG Fang-fang

Volume 38 Issue 4

Jul. 2023

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CHEN Yun-xian, LI Yi-da, WANG Fang-fang. Research on the Operation Mode of 'Effective Government + Efficient Market': The Logic and Framework of Mezzoeconomics[J]. Journal of Guangdong University of Finance & Economics, 2023, 38(4): 4-17.

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CHEN Yun-xian, LI Yi-da, WANG Fang-fang. Research on the Operation Mode of "Effective Government + Efficient Market": The Logic and Framework of Mezzoeconomics[J]. Journal of Guangdong University of Finance & Economics, 2023, 38(4): 4-17.

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Research on the Operation Mode of "Effective Government + Efficient Market": The Logic and Framework of Mezzoeconomics

1.
Sun Yat-sen University, Guangzhou 510275
2.
School of Business, Shantou University, Shantou 515063
3.
School of Digital Economics, Guangdong University of Finance and Economics, Guangzhou 510320, China

Received Date: 2023-04-06
Available Online: 2023-08-17
Publish Date: 2023-07-28

Abstract

Abstract

The great practice of China's reform and opening up has produced many phenomena that are difficult for the existing economic theories to explain, which objectively requires theoretical innovation. Based on the successful practice of China's reform and opening up, Mezzoeconomics mainly studies the economic behaviors of regional governments and their consequences, focusing on resource allocation based on resource generation. Compared with the traditional economic theory system, Mezzoeconomics has at least six aspects of innovation and development. First, it breaks through the single hypothesis of resource scarcity under the framework of traditional industrial market economy theory, finds the field of resource generation in urban economic research, and proposes a new "troika" on the supply side based on the original "troika" theory on the demand side. Secondly, it develops the traditional"macro-micro"dual structure economic growth theory, puts forward the "micro-mezzo-macro"ternary structure economic growth theory, and analyzes the linkage effect of the macro, mezzo and the micro. Thirdly, it explains the"dual attributes"of government and the regional government competition theory, analyzes the effective government and efficient market, and reveals the essential connotation of mature market economy. Fourthly, it upholds the economic consensus of the dominant entity of enterprises in the market, and points out that the regional government is also the main entity of the market, and develops the traditional single driving force theory into a dual driving force theory. Fifthly, it breaks the traditional understanding of analyzing government behavior from the perspective of market boundary, and clarifies government behavior from the perspective of government intervention and government foresighted leading theory. Lastly, it extends the concept of region to the world, analyzes the competition and cooperation between countries, develops the traditional demand-side "trade engine" into the supply-side new engine of "investment, innovation, rules"for economic growth, and provides a new effective way to solve the difficult problem of the relationship between governments and markets.
- Mezzoeconomics,
- effective government,
- efficient market,
- resource scarcity,
- resource generation,
- regional government competition,
- government foresighted leading

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References(45)

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