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《Finance & Trade Economics》 2007-10
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A Comparative Research on Investment Efficiency Induced by Three Entities in China's Regional Economy Growth

ZHANG Leibao (Zhejiang University of Finance and Economics,310018)  
The paper examines the investment efficiencies made by three entities in 1995—2004.It is found that output efficiency of local public investment was higher that the output efficiency of investment by regional private en- terprises,which in was turn higher than that by regional public enterprises in China.According to our expla- nation,local public investment has strongly promoted regional economy growth,which offers the supporting ev- idence for regional public investment policy in China.Besides,we find that output efficiency of investment by regional public enterprises is the lowest on the whole,which implies the strong necessity of relative reform.
【CateGory Index】: F127
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