Zheng, Xinye and Li, Fanghua and Song, Shunfeng and Yu, Yihua (2013): Central Government's Infrastructure Investment across Chinese Regions: A Dynamic Spatial Panel Data Approach. Forthcoming in: China Economic Review
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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.
Item Type: | MPRA Paper |
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Original Title: | Central Government's Infrastructure Investment across Chinese Regions: A Dynamic Spatial Panel Data Approach |
Language: | English |
Keywords: | Infrastructure investment; efficiency-equity tradeoff; spatial interaction |
Subjects: | C - Mathematical and Quantitative Methods > C3 - Multiple or Simultaneous Equation Models ; Multiple Variables > C33 - Panel Data Models ; Spatio-temporal Models H - Public Economics > H5 - National Government Expenditures and Related Policies > H54 - Infrastructures ; Other Public Investment and Capital Stock R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R0 - General |
Item ID: | 50407 |
Depositing User: | Yihua Yu |
Date Deposited: | 07 Oct 2013 06:57 |
Last Modified: | 29 Sep 2019 00:15 |
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URI: | https://mpra.ub.uni-muenchen.de/id/eprint/50407 |