Research On The Main Structure Of Public Investment In Sports Industry In China

The development of sports industry can’t depart from the support of the government public investment, however, the present stage our country sports of the central government and local government governance structure is still not a clear division, a high degree of two levels of government spending overlapping responsibilities, often appear the governance of the shuffle in practice. Public investment in sports industry the main structure unreasonable impact on the development of sports industry, which affected the process of our country’s industrial structure upgrade. For a long time, economists study of public investment in sports industry is relatively lack, and the number of more focused on the public investment in sports industry, efficiency, etc., involving the main structure of public investment in sports industry research few and far between. Therefore, this article put forward by optimizing the Angle of public investment subject structure to promote the development of sports industry has the vital significance.Study of the division of sports powers without the division of sports entity, only implement the central government and local government powers and financial balance to promote the development of sports industry. System reform in 1994 put into practice in China still have a lot of excessive nature, retained a lot of the features of the old system.Lead to local finance increasingly difficult has affected local government functions of sports development, for a long time in the past will affect the development of the sports industry and even the entire national economy.In this paper, on the basis of combing the domestic and foreign scholars research,carried out in this paper, the balance of the central and local government powers and financial research. First of all, this paper analyzes the present situation of public investment in sports industry in China, public investment relative to the size of the sports industry in China and the central government on public sports facilities construction investment ratio less problems reflect the main structure of the public investment in sports industry in our country is not reasonable.Secondly, in order to make the public investment in sports industry the main structure to achieve rationalization, puts forward the balance toallocate the powers and responsibilities of the central government and local government’s three principles. Combined with the content of the three principles, principal-agent model is adopted to establish the incentive mechanism, to encourage local governments to actively into the development of the sports industry. Through the analysis can be concluded that, the central government only gave local government powers and responsibilities that match the purse strings to arouse the enthusiasm of local, the property will only make less lazy behavior of local government. Again, using VAR model has carried on the empirical analysis, the central and local financial expenditure to the sports industry funds to increase the added value of the sports industry, there is a long-term, and places of the sports industry fund than the central fiscal expenditure on sports industry fund fiscal spending to bring the influence of the added value of the sports industry is more significant. Than the central government has more sufficient information of local government, local government than the central government is more suitable for sports.Therefore, the central should be given more financial power of local government, let the finance rights and bear the sports match, in order to better play to the advantages of local investment sports, better development of sports undertakings. Finally, put forward the reasonable division of the central government and local government sports powers, financial policy recommendations.