The Research on relationship of Local Fiscal Expenditure for S&T and Economic Growth-Based on Cointegration and VAR Model Analysis

摘要：

The local fiscal expenditure for science and technology(S&T) and the economic growth are two interactional facors in an economic system. Basing on the sample of Fujian Province in China, we estimate the long-term and short-term elasticity of the local fiscal expenditure on the economic growth, and then study the interaction between these two factors. We find that the lag effect and the long-term interactive effects exist between them, the local fiscal expenditure for S&T play a more important role on economic growth of Fujian province in long-term than short-term.

作者: Guangqing Yang Hong Zheng

作者单位: School of Management, Fuzhou University, Fuzhou, China

会议类型: 国际会议

会议名称: International Conference on Management and Service Science(2011年第五届管理与服务科学国际会议 MASS 2011)

会议地点: 武汉

会议语种:英文

页码: 1-4

在线出版日期: 2011-08-12（万方平台首次上网日期，不代表论文的发表时间）