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Under the frame of national public finance, some risks often hide in the running course of the local government finance. Now, in China, local government investment and financing platforms have accumulated many debts, which become the important source of risk of local government finance. It is of far-reaching realism meaning to analyze and discuss the risk of local finance to resolve the whole risk...
The paper is devoted to analyzing the impact of government investment on the economic cycle theoretically and empirically based on IS-LM model. The findings show that there is no relevance between government investment and macroeconomic volatility; To the three industries, the central government investment and local government investment render no effect on the first industry and the third industry...
Using the data of Fujian Province over the period 1978-2008, this paper employs cointegration and Granger causality testing approach to study the relationship between Technological progress and Local government expending on Science and Technology. The empirical estimates show that Local government expending on Science and Technology and total factor productivity (TFP) has the long-term stability and...
This paper redefine the intelligence capital function, it point out the intelligence capital to have the material, the spirit, policy function etc. it set up the molds to analysis the central government, local government, individual intelligence capital investment policy, and find the central government must according to the local government investment hobby, individual actual condition, the government...
As for why to carry out public utility reform, generally, efficiency hypothesis is mainly adopted as its analysis premises. However, this Article holds that there exists serious one-sidedness in efficiency hypothesis. Public utility reform is a compelled choice under the condition that local governments are short of financial power to continue to provide astronomical particular investment demanded...
By setting up the game theory model of forestry investment between the central and the local government, the paper deeply analyzes two kinds of interest subject in some Nash-equilibrium. Using the results, the problem of local finance quota is discussed which always is difficult to fulfill in Tian Bao project, and the reason is found that the central and the local government have been to proceed the...
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