The Study On The Behavior Of Jiangmen Government In Attracting Investment

Since reforming and opening, Jiangmen government has made great efforts in attractinginvestment, and the government-led investment plays a very important role to promote localeconomic development. However, In the current economic system, the government-ledinvestment Jiangmen City leads excessive competition, industry isomorphism, the larger theresource waste and the breeding ground for corruption in the government, it’s hard to drive thedevelopment of local economy into a higher level.Based on the theory of institutional economics, public choice theory, game theory as thefoundation, constructs the theory frame on: local government intervention in investmentpromotion is an institutional innovation to reduce transaction cost, but such interventionsimultaneously intensifies local government’s motivation of intervention, path dependence thencome into being. Facing increasingly severe problems like imbalance of cost andbenefit,economic externality and information asymmetry, local governments are no longerrational behavioral bodies in such a competitive field as investment promotion,a new round ofinstitutional innovation is required to meet the needs of new situation.The paper develops along with the route of “raising questions–analyzing reasons–countermeasures”. Showing the current behavior of Jiangmen government in attractinginvestment, investment government behavior in regional economic development and theinherent relations, reveal the government behavior in economic benefits at the same time, thegovernment behavior also exists many problems, which have caused a series of negative effects,and further reveals the behavior choice of Jiangmen city hall and the internal mechanism oflaws of nature: Due to the special finance system, supervision system, performance appraisalmechanism and other constraints, there is special behavior interaction in the local governmentsin Jiangmen city, forming the behavior choice of benign path dependence, affected theinvestment decision and the optimization of resource allocation. After studying the domesticand foreign government investment of advanced experience, the paper puts forward theinnovation path, makes correct choice of government behavior in the path dependence, toultimately achieve the goal of scientific investment.