2021
DOI: 10.3389/fpubh.2021.706937
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Crowding-Out or Crowding-In: Government Health Investment and Household Consumption

Abstract: This paper explores the relationship of government health investment and household consumption by applying a panel fixed effects model and Sobel-Goodman mediation tests to inland Chinese provinces. The empirical results highlight that government health investment has a crowding-in effect and can thus promote household consumption. Furthermore, the promotion effect on non-medical health consumption is greater than that on medical health consumption. The promotion effect of government health investment on rural … Show more

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Cited by 7 publications
(4 citation statements)
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“…Kling and Lamb ( 10 ) argue that the digital economy is based on information for the production, supply, and distribution of goods and services from the economic sector. According to the definition given by the China Information Technology Institute, the digital economy is composed of digital industrialization and industrial digitalization, in which digital knowledge and information are the key factors in production ( 11 ). Digital technology is being widely used in modern economic activities, increasing economic efficiency and accelerating the transformation of economic structure, and becoming an important driving force for global economic recovery.…”
Section: Literature Reviewmentioning
confidence: 99%
“…Kling and Lamb ( 10 ) argue that the digital economy is based on information for the production, supply, and distribution of goods and services from the economic sector. According to the definition given by the China Information Technology Institute, the digital economy is composed of digital industrialization and industrial digitalization, in which digital knowledge and information are the key factors in production ( 11 ). Digital technology is being widely used in modern economic activities, increasing economic efficiency and accelerating the transformation of economic structure, and becoming an important driving force for global economic recovery.…”
Section: Literature Reviewmentioning
confidence: 99%
“…The fourth variable considered is fixed asset investment. Improving fixed asset investment can help enterprises upgrade equipment and pursue technical transformation to improve the quality of public occupational health and reduce the number of safety accidents and deaths ( 44 ). This article uses the proportion of fixed assets investment of regional GDP as a measure.…”
Section: Datamentioning
confidence: 99%
“…It directly affects the government's investment in public goods, infrastructure, and residents' health ( 33 ), as well as the degree of investment in the governance of the ecological environment. The second is fiscal expenditure ( Fe ), which reflects the government's fiscal decentralization, has a stimulating effect on economic growth targets ( 34 ), and is also an important factor in government investment in health ( 35 ). The pressure on economic growth targets may cause the government to relax environmental controls on industrial enterprises to achieve short-term goals.…”
Section: Datamentioning
confidence: 99%