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首页> 外文期刊>Journal of Chinese Economics and Business Studies >Dynamics between government spending and economic growth in China: an analysis of productivity growth
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Dynamics between government spending and economic growth in China: an analysis of productivity growth

机译：中国政府支出与经济增长之间的动态：生产力增长分析

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摘要

This study investigates the dynamics between government spending and economic growth in China through influencing the productivity growth of human capital byapplying Markov switching estimates for the annual time series data of China over the period 1952-2014. Firstly, we found that the Chinese economy exists in two states including state one with low growth and state two with high growth. Secondly, the consumption spending has significantly positive effect both states, while the military spending has only positive effect in state two. Interestingly, the growth effect level of consumption spending in state two is smaller than that in state one, implying a reducing effect of total factor productivity in state two. Thirdly, the combined effects of consumption spending and military spending with human capital are state dependent. This combined effect is reduced in both states, suggesting that government spending does not improve the productivity growth effect of human capital.
机译：本研究通过影响Markov Switch估计，在1952 - 2014年期间，调查中国政府支出和经济增长的动态，通过影响Markov转换估计，在1952 - 2014年期间的中国年度时间序列数据。首先，我们发现中国经济存在于两个州，包括州的州，具有低生长和高增长的国家。其次，消费支出对两国的效果显着积极影响，而军队支出只能在国家两者效应。有趣的是，状态两种消费支出的生长效应水平小于状态的消费水平，暗示了州两者中总因素生产率的降低效果。第三，消费支出和军事支出与人力资本的综合影响是州依赖的。这种综合效应减少了两国，这表明政府支出并未提高人力资本的生产率增长效应。

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