Research on the Adaptive Logic of Public Investment and Financing Project Cooperation Types and Governance Models:An Analysis of Cultural Facilities
As a crucial element in constructing the national macroeconomic governance system,public investment and fi-nancing projects have reshaped the traditional administrative management system on multiple levels,transforming govern-ment concepts and practices.Current research fails to effectively bridge the theoretical gap between project cooperation practices and government regulatory systems.It is urgent and necessary to explore how to construct a governance system for public investment and financing projects that aligns with government regulations from a cooperative governance perspec-tive,thereby filling this theoretical gap.This requires maximizing public interest,stimulating market vitality,integrating the public and commercial attributes of investment and financing projects,and achieving sustainable project development.This study focuses on cultural facilities and innovatively proposes a"funds-assets"analysis framework,aiming to provide theo-retical contributions and practical references for the cooperative governance of public investment and financing.The study finds that the diversity of project cooperation stems from differences in attributes in the two core dimensions of fund flow and asset allocation,leading to different operational types and governance models.Effective governance relies on the com-prehensive use and balance of power distribution,administrative management,information exchange,and legal frameworks.As China's economic and social development enters a high-quality stage,optimizing public investment and financing gover-nance is significant for curbing debt risks,improving investment efficiency,and tapping the potential of idle assets.There-fore,the state should promote more specific and actionable guidelines for public investment and financing project coopera-tion and governance.These guidelines would guide local governments in selecting appropriate project cooperation and gov-ernance models based on regional and industry characteristics,as well as project needs,to ensure high-quality develop-ment in the field of public investment and financing.
Public investment and financing projectsCooperation typesGovernance modelsGovernment regulationCul-tural facilities
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