“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

Kun Xu, Zhi-hua Gua and Wenli Xu ()

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Fiscal Investment; Public Goods; Economic Growth; Nation-Owned Firms (search for similar items in EconPapers)
JEL-codes: H54 (search for similar items in EconPapers)
Date: 2016-04
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:71829

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