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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

Xu, Kun and Gua, Zhi-hua and 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.

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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.

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