Proceedings of the 2012 International Conference on Public Management (ICPM-2012)

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

Authors
Yu Nannan, Mi Jianing
Corresponding Author
Yu Nannan
Available Online August 2012.
DOI
https://doi.org/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.
Open Access
This is an open access article distributed under the CC BY-NC license.

Download article (PDF)

Proceedings
Proceedings of the 2012 International Conference on Public Management (ICPM-2012)
Part of series
Advances in Intelligent Systems Research
Publication Date
August 2012
ISBN
978-90-78677-51-2
DOI
https://doi.org/10.2991/icpm.2012.37How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

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
UR  - https://doi.org/10.2991/icpm.2012.37
DO  - https://doi.org/10.2991/icpm.2012.37
ID  - Nannan2012/08
ER  -