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Study On Impact Of Chinese Rural Public Utilities Over Private Investment

Posted on:2008-01-20Degree:DoctorType:Dissertation
Country:ChinaCandidate:M L YangFull Text:PDF
GTID:1119360242965771Subject:Rural development
Abstract/Summary:PDF Full Text Request
Public investment becomes to be the indispensable important policy content since Keynesianism is born. At the same time, theory and demonstration study on impact of different public utilities over different economy branch of private investment becomes an important branch of economy.Now, after experiencing reforms and openness over 20 years, our country's agriculture and rural economy take a gigantic change, such as agriculture and rural economy increase promptly, but at the same time, there are many problems taking place, such as the increasing income gap between countryside and town, slow speed of peasant income increase, fragile agricultural infrastructure and the lagging rural social areas. The agriculture and rural areas' further develop are confronted with new challenges. In view of these questions, it is universal to continue to increase the countryside public investment. However, the countryside public investment projects are multitudinous, and the public investments' nature, the substitution relations with the personal investment in the production substitution, the investment structure, the development level and speed of region economy and so on are very different, this causes the very different impact of different types of countryside public investments over different branches of the countryside economy. At the various local industry characteristic and the facility condition, it is urgent to choose public investment and public investment policy to need the local development, guide the local personal investment and industrial development, promote the local economy growth and raise the farmers' income. At the same time, there are many theory and demonstration researches on the impact of public investment over private investment, but there are very few researches on the Chinese data, especially on the Chinese countryside data. Also,there are very few researches on the impact of public investment over private investment which dividing area, public investment type, and the rural economy department.On the basis of present researches, we study the evolvement of public investment,public policy and private investment, especially productivity-oriented investment of peasant household and medium and little-sized manufactories, also, on this basis ,we study the impact of different kinds of public investment over different kinds of branches of private investment of different areas, adopting panel data of 25 provinces of our country, by dint of investment theories of neoclassicism and endogenetic economy theories and the OLS (fixed effect) model. Though these studies, we can distinguish the different impact of different kinds of public investment over different kinds of branches of private investment and its area difference. Finally, we study the expectation of different kinds of peasant household in virtue of case study at present. From this, the research provides certain reference for government's public investment and public investment policy; simultaneously, the research also has certain function to rich public investment over the private investment of our countryside.Demonstration is that rural public utilities such as road, water conservancy,communication,education,electrition utilities have notable positive effect to rural private investment, not only in agriculture economy, but also in non-agriculture economy. But, there are differences between the same kinds of public utilities to different kinds of branches of rural economy, and there are differences between different kinds of public utilities to the special kind of branch of rural economy, so the hypotheses are approved.Also,there exists regional disparity between the impacts of public investment to agriculture department and public investment to non-agriculture department.Such as, the road public utilities have notable impacts to the east agriculture and non-agriculture private investments, while they have little impacts to the west and middle agriculture and non-agriculture private investments.Besides from the demonstration, it can be seen that the private investment behavior of different kinds of branches of rural economy is not only affected by rural public utilities but also by the main body of private investment itself and other factors of outside, such as the income of the main body of private investment, the price and its change of outputs and inputs, the merchandise of inputs, land scare. At the same time, there are differences on different kinds of branches of private investment behavior between areas, it is been deemed to be related of manufacture structure, investment structure, geography location and technology condition.And from this, it is can be seen that, it is necessary to continue to increase the countryside public investments to integrate in the current new rural reconstruction, according to the principle that "Having the behavior to be able to refrain from doing things"; and it is necessary to choose the suitable public investment and public policies according to the industrial characteristic and local facility condition, undertaking the choice of the main investment bodies of rural economy; and it is also necessary to alleviates the serious short condition of the countryside public investment through multiplication investments and further open up the financing channels of public investment by the government invests primarily.
Keywords/Search Tags:Public utility, Private investment, Difference
PDF Full Text Request
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