There is no doubt about the effect of implementing a proactive fiscal policy. China's economy has recovered rapidly, showing a strong growth momentum. However, the content based on fiscal expenditure still belongs to extension.
If we focus on infrastructure construction, it mainly flows to the leading sector of the state-owned economy, and pay less attention to welfare security, consumption stimulus, technological progress and structural adjustment, there are also different voices concerned about the effectiveness and sustainability of fiscal policy.
Pay more attention to whether the increase of government expenditure can be effectively transmitted to private investment and consumption, so as to achieve the reversal of growth mode and the improvement of growth quality while completing the total stimulus.
How to realize and transmit the growth effect of fiscal policy, and how the government can improve the efficiency of fiscal regulation and control and form a sustainable growth path by optimizing the scale and structure of expenditure.
The research on this issue has long been derived from "whether the government should intervene in the economy" to "how the government should intervene in the economy", and the analysis of the impact of fiscal expenditure changes on the economy has also developed from theoretical debate and discussion to empirical test and analysis.
Focus on measuring the effectiveness of fiscal policy under different systems, policies and development conditions. Combined with the current reality of China, it highlights its value and significance.
Extended data
The research object of government economics
By definition, the research object of government economics is the government's economic behavior and economic relations. The government mentioned here refers to "public authorities and their institutions established through political procedures, and implement compulsory monopoly power within their territory or jurisdiction".
The government can also be interpreted as a behavioral entity established through political procedures and exercising legislative, judicial and administrative power in a specific region. The government not only bears political responsibility to the residents in a specific area, but also participates in non-market social production activities and the distribution of social wealth.
The unproductive activities that the government participates in refer to the activities that the government raises funds to meet the public consumption needs of residents by taxing social members and forcibly transferring wealth, and engages in the production and provision of public services such as national defense, public safety, education, health, culture and social security for the purpose of making profits.
The social wealth distribution that the government is engaged in refers to the redistribution of the wealth of all social members by means of taxes, subsidies and transfer payments, so as to ensure the fairness and justice of all social members in a specific region and maintain social stability.
Baidu Encyclopedia-Government Economics