Analysis of The Effect of Fiscal Policy on The Upgrading of Industrial Structure

DOI

10.2991/978-94-6463-056-5_51How to use a DOI?

Keywords

Fiscal policy; Industrial structure; Advanced industrial structure

Abstract

At present, China has entered the stage of high-quality economic development, in order to promote the stable and healthy development of the economy, the transformation and upgrading of China's industrial structure is imminent. In the process of economic development, the government's macro-control has played a non-negligible role, and promoting the strategic adjustment of the economic structure is a necessary prerequisite for promoting high-quality economic development, and its core is the transformation and upgrading of the industrial structure. The upgrading of industrial structure has a positive role in promoting economic development, and the continuous development of industrial structure towards rationalization and upgrading will inevitably drive the healthy and high-quality development of the economy. At present, China has begun to carry out industrial structure transformation, especially through fiscal policy, which is a means of macroeconomic regulation and control. However, the role of fiscal policy in the transformation of industrial structure has not been smooth. In view of this, this paper will focus on the effect of fiscal policy on the upgrading of industrial structure. This paper uses the data of Hubei province from 2007 to 2017 to analyze its utility through dynamic panels, and empirically shows that fiscal policy can significantly promote the development of industrial structure in the direction of upgrading, and has a significant role in promoting the transformation and upgrading of industrial structure, while this role is not lagging behind, and the government should use appropriate fiscal policies to make it play its due role.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Zhen-dong Feng
AU  - Lei Yang
PY  - 2022
DA  - 2022/12/29
TI  - Analysis of The Effect of Fiscal Policy on The Upgrading of Industrial Structure
BT  - Proceedings of the 2022 2nd International Conference on Management Science and Software Engineering (ICMSSE 2022)
PB  - Atlantis Press
SP  - 357
EP  - 362
SN  - 2589-4900
UR  - https://doi.org/10.2991/978-94-6463-056-5_51
DO  - 10.2991/978-94-6463-056-5_51
ID  - Feng2022
ER  -