Full-Text Search:
Home|Journal Papers|About CNKI|User Service|FAQ|Contact Us|中文
《中国经济学人(英文版)》 2009-05
Add to Favorite Get Latest Update

The scale of infrastructure and economic growth:A perspective from demand side

LIU Yang QIN Fengming 1Fixed-Income Department of Guosen Securities 2 Professor,School of Economics at Shandong University  
This paper analyzes the relationship between the stock of infrastructure and income increases using data from 15 typical countries,including China,and measures the gap between China and npper-middlle-income countries using the Euclidean distance.By constructing a domestic infrastructure investment demand model,this paper provides the basis for determining the growth rates for infrastructure investment demand under the given economic development goals and assessing the rationality of such growth rates.The paper finds that,as the per-capita income level increases, the total infrastructure demand rises but different types of infrastructure stock grow at different paces.Using the 2004 domestic infrastructure level as the benchmark for international comparison,we find it imperative for China to further boost resource infrastructure construction in the future and keep resource infrastructure investment growing at an average annual rate of 15%-24%.The infrastructure investment growth rate should be kept above the nominal GDP growth rate.
【CateGory Index】: F124
Download(CAJ format) Download(PDF format)
CAJViewer7.0 supports all the CNKI file formats; AdobeReader only supports the PDF format.
【Citations】
Chinese Journal Full-text Database 3 Hits
1 MAO Teng-fei(School of Business,Central South University,Changsha 410083,China);Infrastructure Provision Mechanism and Investment Models[J];Systems Engineering;2006-05
2 GUO Qing-wang,JIA Jun-xue(Research Center for Financial and Monetary Policies in China,Renmin University of China,Beijing 100872,China);EFFECTS OF INFRASTRUCTURE INVESTMENTS ON ECONOMIC GROWTH[J];Economic Theory and Business Management;2006-03
3 Zhang Jun, Gao Yuan, Fu Yong and Zhang Hong(China Center for Economic Studies, Fudan University);Why Does China Enjoy So Much Better Physical Infrastructure?[J];Economic Research Journal;2007-03
【Co-citations】
Chinese Journal Full-text Database 10 Hits
1 MI Ben-jia* Chongqing Development and Reform Commission,Chongqing 401102,China;Infrastructure Investment and Regional Economic Development in China[J];亚洲农业研究(英文版);2009-04
2 MI Ben-jia (Chongqing Development and Reform Commission,Chongqing 401102);Research on the Infrastructure Investment and Regional Economic Development in China[J];Journal of Anhui Agricultural Sciences;2009-13
3 SUN Zhijun,DU Yuhong,LI Tingting;The Increment and Distribution Effects of Compulsory Education Finance Reform on Education Expenditure[J];Peking University Education Review;2010-01
4 GUAN Yong-bin (School of Geography and Tourism,Chongqing Normal University,Chongqing 400047,China);The Motivation,Connotation and Implementation Mechanism of Constructing Public-Service-Oriented Government[J];Commercial Research;2011-03
5 LIU Binglian,WU Peng LIUYuhai 1 School of Economics, Nankai University 2 School of Economic and Social Development Research, Nankai University;Infrastructure's contribution to China's total factor productivity growth[J];中国经济学人(英文版);2010-05
6 ZHANG Lei-bao(School of Public Finance and Management,Zhejiang University of Finance and Economics,Hangzhou 310018,China);On the Dilemma of Efficiency and Its Solution to Government Investment in China[J];Collected Essays on Finance and Economics;2012-01
7 ZHOU Jian,WANG Wei(School of Economics,Shanghai University of Finance and Economics,Shanghai 200433,China);The Studies on the Dynamic Correlations between Chinese Capital Formation,Investment Efficiency and Economics Growth since 1978[J];Journal of Finance and Economics;2006-02
8 CAI Wei-xian,ZONG Jia-feng(Institute of Economic Research,Xiamen University,Xiamen 361005,China);FDI,Trade Openness and Fiscal Expenditure Structure in China[J];Journal of Finance and Economics;2008-08
9 CHEN Zong-sheng,REN Zhong,ZHOU Yun-bo(Institute of Economics,Nankai University,Tianjin 300071,China);Research on Essence and Feature of China's Economic Development Miracle Based on the Analysis of Route Evolution since Reform and Opening-up[J];Journal of Finance and Economics;2009-05
10 LI qiang1,2 (1.School of Business,Nanjing University,Nanjing,Jiangsu 210093,China; 2.School of Finance and Economics,Anhui Science and Technology University,Bengbu,Anhui 23310,China);Infrastructure Investment,Education Expenditure and Economic Growth:The Empirical analysis of "Crowding-out Effect" of Infrastructure Investment[J];The Theory and Practice of Finance and Economics;2012-03
China Proceedings of conference Full-text Database 6 Hits
1 ;Fiscal decentralization,Competition Among District Governments and Non-economic Public Goods Provision: Take the Example of per capital Government Health Expenditure[A];[C];2012
2 Wei Jian,Wang An;Officials Off-site Exchange and Growth Mode Transformation[A];[C];2012
3 ;How to Solve the Incentives Dilemma in the China's Decentralization Reform?--An Analysis from the Contractual Perspective[A];[C];2007
4 Cai Wei xian;Local Government Competition and Regional FDI Agglomeration[A];[C];2008
5 Wang yanwu(Center for Macroeconomic Research of Xiamen University,Fujian Xiamen,361005);Fiscal Policy,Effective Supply Capacity and Economic Fluctuations——Empirical Research based on RBC model[A];[C];2008
6 LAN Hailin YANG Jingjing (School of Business Administration, South China University of Technology, Guangzhou Guangdong, 510640);Toward an Institution-based View of Business Strategy in Chinese Fragmented Markets——A Literature Review and Future Direction[A];[C];2009
【Secondary Citations】
Chinese Journal Full-text Database 3 Hits
1 DAI Xiao-feng,WU wei,WU Zheng(College of Finance,Hunan University,Changsha,Hunan 410079,China);Analysis and Selection of the Models of Infrastructure Asset Securitization in China[J];The Theory and Practice of Finance and Economics;2006-02
2 LIU Zhu (Guangzhou Urban Construction Investment Co.,Ltd,Guangzhou,Guangdong 510032);A probe into the nature of urban infrastructure[J];Urban Studies;2003-01
3 Guo Qingwang & Jia Junxue (China Financial Policy Research Center,Renmin University of China);Estimating Potential Output and the Output Gap in China[J];Economic Research Journal;2004-05
©2006 Tsinghua Tongfang Knowledge Network Technology Co., Ltd.(Beijing)(TTKN) All rights reserved