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“供给侧改革”背景下地方政府财政投资的经济效应分析：以安徽省为例
[Economic Effects of Fiscal Investment from Local Government under “Supply-Facet Reform”: Taking Anhui Province as The Case]

Author

Listed:
  • Xu, Kun
  • Gua, Zhi-hua
  • Xu, Wenli

Abstract

Taking Anhui province as an example, this paper analyzes economic effects of fiscal investment from local government. Firstly, results from analyzing structure of fiscal investment show that: the major part of fiscal investment is supply of public goods and services, in particular infrastructure and social management; local government prefers domestic firms more, in special national and private enterprise. Further, results of panel model, based on industries, shows that: fiscal investment restrains production; scales of fiscal investment exert little impact on growth. It implies that increasing incomes, decelerating pubic investment, and deregulating production decision are potential approaches to spur persistent growth.

Suggested Citation

  • Xu, Kun & Gua, Zhi-hua & Xu, Wenli, 2016. "“供给侧改革”背景下地方政府财政投资的经济效应分析：以安徽省为例 [Economic Effects of Fiscal Investment from Local Government under “Supply-Facet Reform”: Taking Anhui Province as The Case]," MPRA Paper 71829, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:71829
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    More about this item

    Keywords

    Fiscal Investment; Public Goods; Economic Growth; Nation-Owned Firms;
    All these keywords.

    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures

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