Does Chinese Public Investment Crowd out Private Investment? Empirical Evidence from 1981 to 2009

摘要：

　　Chinese economic growth has been driven more by investment than consumption and export.However, little research has been done on the relationships between public investment and private investment.From the data of Chinese Statistics Yearbook, we have categorized investment into 4 different kinds: State budgetary appropriation, internal loans, utilization of foreign capitals, self-raised funds.This article has illustrated that Chinese public investment has crowded out private investment.

关键词： Crowding-in effect Crowding-out effect Public investment Private investment

作者: Cheng Xinzhang Wang Yanjun

作者单位: Economics and Trade School, Shanghai Lixin University of Commerce, Shanghai, P.R.China, 201620

会议类型: 国际会议

会议名称: The 5th Conference on Chinas Economic Operation Risk Management(2011`Shanghai)(第五届中国立信风险管理论坛)

会议地点: 上海

会议语种:英文

页码: 37-42

在线出版日期: 2011-11-04（万方平台首次上网日期，不代表论文的发表时间）