scholarly journals Econometric Analysis of Local Government Investment Efficiency and the Debt Risk Based on the DSGE Model

2017 ◽  
Vol 5 (1) ◽  
pp. 56
Author(s):  
Zhi-qi Zhu
Keyword(s):  
Local Government ◽  
Econometric Analysis ◽  
Investment Efficiency ◽  
Dsge Model ◽  
Government Investment

scholarly journals The Impact of Local Government Investment on Corporate Decisions

2011 ◽  
Vol 5 (2) ◽  
pp. 70-81
Author(s):  
Pina Puntillo ◽  
Paolo Tenuta
Keyword(s):  
Local Government ◽  
Corporate Finance ◽  
Public Investment ◽  
Local Area ◽  
Econometric Analysis ◽  
Location Decisions ◽  
Government Investment ◽  
Business Decisions ◽  
Corporate Decisions ◽  
The Impact

This work aims to provide evidence on the impact of public investment on local business decisions. In particular we want to see the effect of public investment on the development of local area - measured by GDP and employment - and therefore the effect that the development of the area determines the location decisions of businesses.The paper continues from Part 1 (EJournal of Corporate Finance №1 (17) 2011). In this Part, is empirically tested the research hypothesis, through an econometric analysis, describing the models and variables used in the application of panel techniques, and presents the results of the estimates, while last section concludes with summary of some considerations.

scholarly journals Decision between Public Investment and Public Consumption: A Policy Analysis

2020 ◽  
Vol V (I) ◽  
pp. 131-152
Author(s):  
Muhammad Raashid ◽  
Abdul Saboor ◽  
Aneela Afzal
Keyword(s):  
Public Investment ◽  
Policy Decision ◽  
Dynamic Stochastic General Equilibrium ◽  
Dsge Model ◽  
Structural Unemployment ◽  
Government Investment ◽  
Long Run ◽  
Public Consumption ◽  
Dynamic Stochastic ◽  
Best Fit

This study aims to draw a policy decision between public investment and public consumption by designing a Dynamic Stochastic General Equilibrium (DSGE) model for the economy of Pakistan which is experiencing persistent shocks that have stressed the growth pattern. The DSGE model has a microeconomic foundation and justifies locus critics by envisioning an artificial economy. The model is evaluated and set to best fit for data through an exercise of moment matching. Government consumption shocks and Government Investment shocks are used to trace out the behaviour of the economy. The analysis confirms that Pakistan economy could go for capital formation through public investment but it results in compromised public consumption and structural unemployment. It is further concluded that the export base and long-run public investment programs are needed to achieve sustainable development in the economy.

scholarly journals Has Local Government Debt Promoted Economic Growth in developing countries? New evidence from a survey in China

2021 ◽  
Vol 235 ◽  
pp. 01014
Author(s):  
Tao Wu ◽  
Peng Zhong ◽  
Lingyue Wu
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Local Government ◽  
Local Governments ◽  
Bond Market ◽  
Smooth Transition ◽  
Government Bond ◽  
Open Market ◽  
Government Investment ◽  
Smooth Transition Regression

Based on the panel smooth transition regression (PSTR) model, this paper empirically analyzes the relationship between Chinese local government’s bond financing and economic growth, with the quarterly panel data of bonds issued by local governments and their investment and financing platform companies in the open market from 2008 to 2018 as samples. The research shows that there is a gradual non-linear relationship between local government bond market financing and economic growth in China. With the increase of the scale of local government bond market financing in China, the effect of bond market financing on economic growth will gradually decline and have a negative effect. This result means that for developing countries like China, it is not advisable to rely solely on government investment to drive economic growth.

scholarly journals GROWTH SUFFICIENCY OF THE INDUSTRIAL INVESTMENT FUND FOR LOCAL GOVERNMENT IN HENAN, CHINA

2020 ◽  
Vol 4 (1) ◽  
Author(s):  
Zhang Li ◽  
Jacquline Tham ◽  
S. M. Ferdous Azam
Keyword(s):  
Local Government ◽  
Local Governments ◽  
Survey Methods ◽  
Investment Fund ◽  
Government Investment ◽  
Investment Funds ◽  
Funding Mechanism ◽  
Overseas Investment ◽  
Industrial Investment Fund ◽  
Industrial Investment

This study aims to explore the determinants of sufficient growth of the Local Government Industrial Investment Fund in Henan, China. The industrial investment fund in China started with the development of an overseas investment fund. China has become the world’s second-biggest equity investment market. Industrial capital has thrived in recent years. In China, local government investment funds also have a broader role and importance and are becoming an important funding mechanism that local governments can function and encourage. This research methodologically constitutes a quantitative study. Another is the consequence, rather than explaining variables as a cause. Under the probability sampling design, the analysis uses the basic random sampling approach, using survey methods that include structured questionnaires. The result indicates that the local government’s industrial investment fund in Henan, China, would be an infrastructure for economic development. <p> </p><p><strong> Article visualizations:</strong></p><p><img src="/-counters-/edu_01/0720/a.php" alt="Hit counter" /></p>

Research on the Optimization of Operation Mode Based on Investment and Financing Platform in the Western China

2013 ◽  
Vol 711 ◽  
pp. 722-725
Author(s):  
Ying Sheng Su ◽  
Wei Jin Ren ◽  
Xue Jun Li
Keyword(s):  
Local Government ◽  
Single Channel ◽  
Operation Mode ◽  
Western China ◽  
Government Investment ◽  
Industry Chain ◽  
Financing Mode ◽  
Investment And Financing ◽  
Business Design ◽  
Chain Business

The article mainly aims at the problems which including the single channel common existed in the local government investment and financing platform in western region, the poor ability of debt paying and the shortage of funds. It puts forward that in the operation mode industry chain business design should be appropriately extended, the financing mode should be expanded and implementation of debt restructuring. Meanwhile, it correspondingly gives relevantly alternative plan. At the end of improvement, there is more extension in industry chain business design with the local government investment and financing platform. It is not only as a function of government financing, but also as the function of the marketization of the modern company.

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