Central government's infrastructure investment across Chinese regions: A dynamic spatial panel data approach

Xinye Zheng (), Fanghua Li, Shunfeng Song and Yihua Yu ()

China Economic Review, 2013, vol. 27, issue C, 264-276

Abstract: This study employs spatial panel techniques to examine determinants of regional allocation of infrastructure investment made by the central government. Using a sample of 31 Chinese provinces over the 2001–2008 period, we derived four major empirical findings. First, there exist substantial spatial interactions of central government's investment across regions. Second, the central investment exhibits a highly persistent effect. Third, the central government attempts to balance equity and efficiency in its decision-making. Last, the political factor plays a significant role in the regional infrastructure investment.

Keywords: Infrastructure investment; Efficiency-equity tradeoff; Spatial interaction (search for similar items in EconPapers)
JEL-codes: C33 H54 R0 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (25)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1043951X13000023
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Central Government's Infrastructure Investment across Chinese Regions: A Dynamic Spatial Panel Data Approach (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:chieco:v:27:y:2013:i:c:p:264-276

DOI: 10.1016/j.chieco.2012.12.006

Access Statistics for this article

China Economic Review is currently edited by B.M. Fleisher, K. X. D. Huang, M.E. Lovely, Y. Wen, X. Zhang and X. Zhu

More articles in China Economic Review from Elsevier
Bibliographic data for series maintained by Catherine Liu ().