Public infrastructure investment, economic growth and policy choice: evidence from China

DOI

10.2991/icpm.2012.37How to use a DOI?

Keywords

public infrastructure, economic growth, policy choice, China.

Abstract

The relationship between public infrastructure investment and economic growth has always been an eye-catching issue for China since Chinese governments have devoted most of public funds to financing infrastructure after the economic reform. Taking the Chinese infrastructure investment policy as the background, this paper aims to examine the effect of infrastructure investment on economic growth. The paper establishes a gross productive equation about the contribution of productive elements on economic growth based on C-D production function and estimates the output elasticity of every productive element. Both theoretic and practical analysis indicates that infrastructure capital stock exerts a positive impact on economic growth and it will increase long-term economic growth rate, which could verify the appropriateness of the current „infrastructure-stressed‟ investment policies of the Chinese government.

Copyright

© 2012, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yu Nannan
AU  - Mi Jianing
PY  - 2012/08
DA  - 2012/08
TI  - Public infrastructure investment, economic growth and policy choice: evidence from China
BT  - Proceedings of the 2012 International Conference on Public Management (ICPM 2012)
PB  - Atlantis Press
SP  - 141
EP  - 147
SN  - 1951-6851
UR  - https://doi.org/10.2991/icpm.2012.37
DO  - 10.2991/icpm.2012.37
ID  - Nannan2012/08
ER  -