An Empirical Study On China's Fiscal Policy Change And Economic Growth

As a government-led institutional arrangements,fiscal policy,government intervention in the economy has become a particular way of smoothing the economic cycle in the volatility and to maintain economic stability and growth play an important role. Since the 20th century,90 years,China's fiscal policy in general experienced a "moderately tight" fiscal policy,fiscal policy positive changes in the process of prudent fiscal policy. Not only realized the financial control by administrative means,the direct method based mainly indirect economic means to change the mode,effectively maintaining the normal functioning of the market mechanism,but also to ensure the state's macro-control policies,effective implementation and the national economy growing rapidly.How to open economy,through the implementation of fiscal policy to achieve this goal is all the research and economic growth theory,public finance scholars who have a common need to be resolved. In China's current economic openness is not high,the system is not perfect conditions,based on the new situation,to use fiscal policy to promote economic growth,the study,focusing on China's future economic and social comprehensive and sustainable development of great significance. This choice of subject for study is how to choose a timely fiscal policy to promote economic growth,which will be implemented in the new era of China's major financial macro-control economic decision-making decision-making reference,Undoubtedly,under the new situation in accordance with the scientific concept of development options is the opportune time to promote economic growth,fiscal policy,so that to maximize the effects of fiscal policy to achieve steady and rapid development of the national economy has some practical significance.Can fiscal policy effective impact on the real economy,that its implementation result is an extremely complex issue,by many aspects of factors,is well received by economic factors,but also depends on the fiscal policy of the design and selection problem . Analysis and evaluation of the implementation of the effects of fiscal policy is not only a hot issue in theory,but also of great concern to government decision-making reality. China is currently no one will be a variety of complicated Sutra: economic factors and fiscal policy variables combine a complete analytical framework. This use of modern econometric methods,China's reform and opening up economic growth in fiscal policy conduct an empirical analysis,come to the following specific conclusions:China's fiscal policy in an endogenous change is affecting the strength of economic growth. This effect is very obvious but also has periodic characteristics. Thus,according to China's specific national conditions and the historical practice of fiscal policy,China's fiscal policy to adapt to macro-economic development and to adjust and optimize the expenditure structure,increase efficiency in the use of fiscal funds to achieve rapid economic growth and maintaining low inflation level.