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8207This paper firstly builds a dynamic multi-regional CGE model incorporating induced technical change, and then we use this model to simulate the influence of the change in the scale and the proportion of fiscal expenditure on technological progress and coordinated economic development in eight regions. The simulation results show that increasing fiscal R&D expenditure in the northeast, the central or the western region can promote the improvement of physical capital efficiency and economic growth in all these three regions, but it is harmful to the improvement of human capital efficiency in the three aided regions and the economic growth of the other unaided regions. The increase of education expenditure has no significant effect on all these eight regions. If we control the fiscal expenditure scale in the northeast or the central region, and increase the proportion of fiscal R&D expenditure at the same time, we can promote the technological progress and economic growth of the two regions. If we want to get a greater degree of technological progress and economic growth in the northeast or the central region, we can increase the proportion of fiscal R&D spending in both the two regions at the same time. At last, fiscal spending on science and education will change over time, so it is necessary to adjust the choice of number and proportion of fiscal science and education spending in different regions at different times, and only in this way can make China on the win-win road of technological progress and regional economic coordinated development.
/ Journals / Journal of Finance and Economics
Journal of Finance and Economics
LiuYuanchun, Editor-in-Chief
ZhengChunrong, Vice Executive Editor-in-Chief
YaoLan BaoXiaohua HuangJun, Vice Editor-in-Chief
Fiscal Spending on Science and Education, Technical Progress and Regional Economic Coordinated Development：Based on a Dynamic Multi-regional CGE Model Incorporating Induced Technical Change
Journal of Finance and Economics Vol. 44, Issue 12, pp. 85 - 99 (2018) DOI:10.16538/j.cnki.jfe.2018.12.007
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References
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Cite this article
Tian Haiyan, Li Xiumin. Fiscal Spending on Science and Education, Technical Progress and Regional Economic Coordinated Development：Based on a Dynamic Multi-regional CGE Model Incorporating Induced Technical Change[J]. Journal of Finance and Economics, 2018, 44(12): 85-99.
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