Research On Management Of Non-operating State-owned Assets Based On People’s Livelihood

"Take from the people and use for people", non-operating state-owned assets(NSA) are the material base which the socialistic superstructure rely on. These NSA provide people’s livelihood interests with material supports, which government departments and non-enterprise institutions possess of in the field of social management, public services, social security, national defense and security, as well as science and technology. With characteristics of public ownership as the mainstay and the common development of diversified economic elements, the economic system of people’s livelihood are the major feature of government-led mode of people’s wellbeing development, which NSA are material composition of it. Research on management of NSA from the perspective of people’s livelihood has great theoretical and practical significance, to promote NSA reform of the property system and management mechanism and to stabilize and consolidate the economic system of people’s livelihood; while being useful for speeding up to solve the coexistence problem between resource needs of contradictions and structural imbalance in social career fields. Research opportunities and spaces of NSA are provided by series of major social reforms in contemporary era.From the asset-allocation condition of education, health and other livelihood domain, NSA have occupied the vast majority of proportion and supported materially the economic system of people’s livelihood in protecting people’s livelihood rights and social equity; nevertheless, not only the coexistence problem in livelihood areas had been exacerbated, but also the superiority of the economic system could have been damaged by inefficient use, waste and even corruption of NSA. The NSA management is closely related to people’s livelihood, to which it is necessary to attach importance on upholding the Chinese-characteristic mode of people’s wellbeing development. Currently, objective difficults exist in researching of NSA, due to some special status such as widely distributed, decentralized management, management complexity and property right empty; In addition, domestic theoretical circles emphasize research on operation state-owned assets management, while ignoring the research on non-operating state-owned asset management research, especially from the people’s livelihood perspective of NSA management literature even more rarely. This study attempts to compensate the insufficient, and to explore the theory and practice of NSA management from people’s livelihood perspective.Based theoretically on the Marxist theory,the modern welfare economics and the fund theory, at the same time applying the combination method of normative analysis and comparative study, the paper is to demonstrate the necessity of the development mode and the economic system of people’s livelihood, emphasize the importance of improving property system and management mechanism of NSA, and propose some points on perspective, subject, principle, objective and performance of NSA management; with empirical method to study on equity and efficiency in asset allocation and value-running, and construct performance framework of NSA according to foregoing research; finally to put forward relevant recommendations. The paper is helpful to optimize the management mechanism of NSA and provide theoretical support and empirical evidence for formulating policies, as well as being intellectual support to stabilize and consolidate the economic system of people’s livelihood.This paper consists of seven chapters. Major contents of each chapter are outline as follows.Chapter1is the introduction, which briefly introduces the research background and significance of this paper, describes research contents and their structural arrangement, explains research methods employed by this paper, and summarizes the points of research innovation.Chapter2is the literature review. It systematically summarizes and makes comments on the relevant literatures home and abroad related to people’s livelihood, management and performance of non-operating state-owned assets. It identifies the research opportunities through literature review, being prerequisite for the following research.Chapter3addresses the theoretical analysis and system background. The first part discusses the theoretical basis of NSA management, including Marxist theory, welfare economics, fund theory and other theories. Then compares the different development-mode of people’s livelihood impacted by the system of society, politics and economy in the east world and the west world; reviews the evolution of the modem-state welfare system, and argues that resource allocation and value-running should adapt to economic development and people’s livelihood interests with taking health industry for example. The third part demonstrates the necessity and particularity of the development mode and the economic system of people’s livelihood, and clarifies the relationship between NSA management and livelihood issues.Chapter4analyzes NSA allocation based on people’s livelihood. Firstly introduces asset size, distribution, financing channels and other conditions of NSA, and sets forth the relationship between asset allocation and development of social undertaking. Secondly, the long-term stable equilibrium between the asset size of financial allocation and people’s needs is testified with applying Pryor model(1969), and reflects the government responsibility in NSA allocation. Thirdly, the Theil index of NSA in compulsory education phase shows allocation fairness impacted by the ability of region configuration ability. The fourth part verifies the relationship between fixed-asset investment and government configuration with31provinces data form social undertaking, and finds that:①government configuration brings about crowding-in effect,②affected by government-led model, it is negative correlation between social investment willingness and people’s needs. The article believes it responsible and fare in NSA allocation, but should attach importance to the efficient problem of resource allocation in people’s livelihood area.Chapter5discusses the NSA value-running based on people’s livelihood-empirical evidence from health industry. The first part explains the concept of asset value-cycling of state-owned assets in public service industry, and demonstrates the relationship between asset value-cycling and people’s health interests. Then applies the panel data of31provinces and CD model to verify that fixed-asset investments of health industry are placed in the increased return to scale, and to infer that government investor and asset possessor or user should have efficient motivation to increase asset size; further compares test results between for-profit objective function and non-profit objective function:①fixed-asset investment has positive effect on hospital operating income and failed to prove the relationship between it and service volume.②financial compensation income has negative effect on hospital operating income and service volume. Due to policy constraints of financial compensation and debt, hospitals are used to relying on self-pooled fund to asset-expanding, meanwhile the empirical study confirms that the operating revenue has a significant impaction on asset increasing. The paper deduces characteristics of for-profit and non-profit coexist in NSA value-operation, and asset-expanding promoted by operating income may comply with efficient principle, but it is highly possible to result in asset-cycling deviating from non-profit orientation.Chapter6discusses the NSA performance based on people’s livelihood. The section states the importance of NSA performance to people’s livelihood, and builds the framework of asset performance, including impact pathway, dimensions and indicator, especially describing efficiency mechanism of NSA performance. The ending part explores how to adhere to both fairness and efficiency in process of NSA allocation and value-operation.Chapter7is policy proposals to improve the NSA management mechanism. In the meantime points out the dissertation’s shortage and further research directions.The innovation points of this dissertation are mainly embodied in the following aspects:(1) this dissertation constructs the NSA management research framework based on people’s livelihood, to propose the economic system of people’s livelihood are the major feature of government-led mode of people’s wellbeing development, with characteristics of public ownership as the mainstay and the common development of diversified economic elements; as the material composition of it, NSA possess of functions of safeguarding people’s livelihood and collocate resources. NSA seem like value-link to connect people’s needs and economic relations among people, government and public sector, thus constantly to improve property system and management mechanism of NSA have great significance on protecting and improving people’s livelihood.(2) this dissertation presents NSA management should adhere to both fairness and efficiency and strive to comply with the principle of "value retaining and increment performance":to allocate effectively size, distribution, type of NSA to match people’s reasonable needs; to ensure the masses beneficial from using and value-cycling of NSA; to coordinate the development of both the public economy and non-public economy, and channel more private capital into the livelihood areas.(3) this dissertation follows the normative research method, includling comparative study and with ASD modle to attempt to transcend disciplinary boundaries; makes empirical research on NSA allocation and value-running in education, health and other livelihood areas, delightedly catching some valuable empirical evidences on fairness, efficiency and nonprofit.(4) this dissertation builds the framework of asset performance, and describes impact pathway, dimensions and efficiency mechanism, particularly explaining the efficiency’s role in allocation and value-cycling of NSA and how to balance fairness and efficiency.(5) this dissertation points out the urgent requirement is to strengthen unified management and supervision of NSA, generated by the coexistence problem between resource needs of contradictions and structural imbalance in social career fields. Thus puts forward policy proposals to improve the NSA management mechanism, including diversification allocation mechanism, macro-control mechanism, oversight mechanism and performance evaluation mechanism.