4928 
8295This 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
Summary
References
Summary
[1]Chen X L, Lian Y J. Capital-labor elasticity of substitution and regional economic growth: An empirical investigation of the de la Grandville hypothesis[J]. China Economic Quarterly, 2013, (1): 93-118. (In Chinese)
[2]Dong W H, Liu L J. The impact of fiscal technology and education spending on the employment in China: A CGE analysis[J]. Journal of Shanghai University of Finance and Economics, 2012, (2): 41-52. (In Chinese)
[3]Guo Q W, Jia J X. Public education policy, economic growth and human capital premium[J]. Economic Research Journal, 2009, (10): 22-35. (In Chinese)
[4]Hu Z G, Yan C L, Gong L T. Growth effect and welfare effect of government’s R&D policy[J]. Finance & Trade Economic, 2013, (9): 112-120. (In Chinese)
[5]Li G P, Wang C Y. Spatial characteristics and dynamic change of provincial innovation output in China: An investigation using the ESDA[J]. Geographical Research, 2012, (1): 95-106. (In Chinese)
[6]Liu L J, Dong W H, Xu X. The impact of fiscal technology and education spending on the employment in China: A CGE analysis[J]. Journal of Shanghai University of Finance and Economics, 2013, (4): 73-80. (In Chinese)
[7]Lou F. Simulation analysis of science and technology R&D policy: Based on China CGE model[J]. Journal of Chongqing University of Technology (Social Science), 2017, (1): 59-66. (In Chinese)
[8]Yang C F, Jia X F. The impacts of public R&D on economic growth: A theoretic framework[J]. China Soft Science Magazine, 2008, (8): 37-42. (In Chinese)
[9]Blankenau W F, Simpson N B, Tomljanovich M. Public education expenditures, taxation, and growth: Linking data to theory[J]. The American Economic Review, 2007, 97(2): 393-397.
[10]Devarajan S, Swaroop V, Zou H. The composition of public expenditure and economic growth[J]. Journal of Monetary Economics, 1996, 37(2): 313-344.
[11]Jones C I. R&D-based models of economic growth[J]. Journal of Political Economy, 1995, 103(4): 759-784.
[12]Jung H S, Thorbecke E. The impact of public education expenditure on human capital, growth, and poverty in Tanzania and Zambia: A general equilibrium approach[J]. Journal of Policy Modeling, 2003, 25(8): 701-725.
[13]Křístková Z. Impact of R&D investment on economic growth of the Czech Republic-a recursively dynamic CGE Approach[J]. Prague Economic Papers, 2012, 2012(4): 412-433.
[14]Morales M F. Research policy and endogenous growth[J]. Spanish Economic Review, 2004, 6(3): 179-209.
[15]Park W G. A theoretical model of government research and growth[J]. Journal of Economic Behavior & Organization, 1998, 34(1): 69-85.
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.
Export Citations as:
For
