Proceedings of the 2021 6th International Conference on Social Sciences and Economic Development (ICSSED 2021)

Research on Relationship Between Local Government Expenditure and Total Output in China

Authors
Jiaqi Qin, Zheng Tao, Shansong Huang, Nancy Ye, Gaurav Gupta
Corresponding Author
Gaurav Gupta
Available Online 8 April 2021.
DOI
10.2991/assehr.k.210407.073How to use a DOI?
Keywords
government expenditure, total output, theoretical model, linear regression, data visualization
Abstract

Since the impact of the international financial crisis in 2008, countries have expanded their expenditure levels to varying degrees in order to promote economic development and recovery. The paper first establishes a theoretical model of the relationship between government expenditure and the contribution rate of total output growth, and then analyzes their relationship based on China’s local fiscal data (665 in total) from 2013 to 2018. The theoretical model shows that government expenditure not only directly promotes output growth, but also indirectly promotes output growth through the promotion of consumption and investment. At the same time, it also estimates the contribution rate of government expenditure to output growth. In addition, the linear regression results show that government expenditure has a positive correlation with total output. Finally, data visualization analysis is carried out for each prefecture-level city in Zhejiang Province, and it is further concluded that government expenditure has a positive effect on the economy.

Copyright
© 2021, 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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Volume Title
Proceedings of the 2021 6th International Conference on Social Sciences and Economic Development (ICSSED 2021)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
8 April 2021
ISBN
978-94-6239-360-8
ISSN
2352-5398
DOI
10.2991/assehr.k.210407.073How to use a DOI?
Copyright
© 2021, 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/).

Cite this article

TY  - CONF
AU  - Jiaqi Qin
AU  - Zheng Tao
AU  - Shansong Huang
AU  - Nancy Ye
AU  - Gaurav Gupta
PY  - 2021
DA  - 2021/04/08
TI  - Research on Relationship Between Local Government Expenditure and Total Output in China
BT  - Proceedings of the 2021 6th International Conference on Social Sciences and Economic Development (ICSSED 2021)
PB  - Atlantis Press
SP  - 371
EP  - 376
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.210407.073
DO  - 10.2991/assehr.k.210407.073
ID  - Qin2021
ER  -