The Effects of Central Region’s Public Expenditure Adjustment on Three Dimensions’ Economic Development ——Empirical Research Based on Panel Data of the Six Provinces
LIU Jun-ying
(School of Philosophy and Public Management, Research Center of Yellow River Civilization and Sustainable Development, Henan University, Kaifeng 475001, China)
Abstract：
From the perspective of government functions transformation, this paper studies the long-term and short-term relationship between public expenditure adjustment and the level of economic development of the central region from three dimensions, the total economy, industrial structure and urbanization level by analyzing panel data of six provinces in central region with co integration theory and the VECM. The results show that the increase of public expenditure size and adjustment of the structure from economic construction type to public service type contribute to the increase of total economic output in the long term, promote the optimization of industrial structure and improve level of urbanization in central region.
LIU Jun-ying.The Effects of Central Region’s Public Expenditure Adjustment on Three Dimensions’ Economic Development ——Empirical Research Based on Panel Data of the Six Provinces[J] Economic Survey, 2013,V1(2): 7-12
2013 
