(1.School of Finance, Zhongnan University of Economics and Law, Wuhan 430073,China; 2.Zhengzhou Branch, People’s Bank of China, Zhengzhou 450040,China)
Abstract:
With IMPLAN model applied effectively, regarding catering industry as a breakthrough point, the modeling analysis is conducted in the entire influences from “Eight Regulations” on macro-economy. The analytic result indicates that: to some extent, “Eight Regulations” will have some negative macroeconomic impact due to the thrift depicted by “the Fable of the Bees”. But if the successful and targeted fiscal expenditure shift would be fulfilled and the saved fiscal capital could effectively switch to other industries, the new positive effects on macro-economy would emerge. Therefore, after “Eight Regulations” is introduced formally, the targeted capital input should be implemented, based on policy purposes and the different industrial natures, so as to eliminate the “Paradox of Thrift” and promote the healthy and stable macroeconomic development.