Where , i is net fixed capital formation , v is the value added of industries , i is the number of industrial , t is the year , t is the flexibility changes of fixed capital formation on the industry growth , denoted the level of flexibility of change capabilities on increasing the investment in the optimistic prospective industries and reducing the investment in the pessimistic prospective industries 這表明經(jīng)濟(jì)發(fā)展過程中存在對于發(fā)展企業(yè)的“投資不足”和對于衰退企業(yè)的“過度投資”現(xiàn)象,并且我國在資本配置過程中存在顯著的“短期現(xiàn)象” 。這些現(xiàn)象主要都是由我國金融體制對國有經(jīng)濟(jì)的金融支持偏好和國有經(jīng)濟(jì)對這種支持的剛性依賴這個(gè)原因造成的。