An empirical analysis of the impact of Chinese government investment on high-quality economic development——A study based on spatial Dubin model

Abstract

China’s economy has shifted from the stage of high-speed growth to the stage of high-quality development. This paper selects panel data of 30 provinces, municipalities directly under the Central Government and autonomous regions (except Tibet) in mainland China with the time dimension of 2006–2016, selects indicators from five dimensions of innovation, coordination, greenness, openness and sharing, uses principal component analysis to construct a system of indicators of high-quality economic development, and uses the spatial Durbin model to empirically the impact of government investment behavior in the three industries on the regional economic high-quality development was studied. The results show that: first, there is a significant positive spatial correlation between China’s economic quality development. Second, government investment in different industries has different effects on the quality development of the economy. Investment in the tertiary industry can boost employment, raise income level, promote economic quality development, and enhance sharing, coordination and innovation; investment in the secondary industry can enhance innovation, but because of the "crowding-out effect", it will reduce openness and sharing, and is not conducive to promoting economic quality development; investment in the primary industry can Investment in the primary industry can significantly improve coordination, but it will reduce innovation, greenness, openness and sharing, which will also have a negative impact on the overall high-quality economic development. Third, there is a significant spatial spillover effect of government investment behavior on regional economic quality development, and the economic quality development of this region will have an impact on neighboring regions. Finally, based on the research results, this paper puts forward countermeasure suggestions for promoting high-quality economic development.

Green Investment, Financial Efficiency, and Sustainable Development: Dual Perspectives of Enterprise Cost and Government Guidance

“…Green investment is the paper's core explanatory variable. According to existing research (Zhang M., 2020), (Kang et al, 2023), this paper divides green investment zones into enterprise and government green investment from the dual perspectives of enterprise and government. Given the availability of data at the provincial level and the existing measurement methods of green investment, fiscal environmental protection expenditure represents government green investment.…”

Research on Agricultural Machine Scheduling in Hilly Areas Based on Improved Non-Dominated Sorting Genetic Algorithm-III

“…Constraint (5) indicates that the traveling time of machine group a equals the transfer time of the farthest j M from i F . Constraint (6) indicates that the working time of i F by the type a of agriculture machinery. Constraint (7) states that if the travel time from agricultural machinery j to farmland i exceeds the working time, agricultural machinery j will not participate in the operation.…”

“…This leads to inefficient scheduling operations, wasted resources and delays in planting farmland. This phenomenon also restricts the development of the hilly areas of the development of their own agricultural mechanization [4][5][6]. High-quality scheduling can allocate and rationally arrange the operating time and area for agricultural machinery, avoiding the aimless movement of agricultural machinery and reducing operational conflicts and repetitive operations, thus improving the efficiency of agricultural production and promoting the modernization and sustainable development of agricultural production.…”

Implementacija zelene proračunske politike u financiranju održivog društva - iskustvo Slovenije

“…On the other hand, government infrastructure investment can effectively reduce pollutant emissions and promote quality economic development (Moreno at al., 2002), although investment in different industries has different impacts. Investment in primary industries can significantly improve coordination, but it reduces innovation, environmental friendliness, openness and sharing, which also has a negative impact on overall high-quality economic development (Wang & Liu, 2023).…”