Author(s)

Huijie Wu ¹

Affiliation(s)

¹ Ulink College of Shanghai, Shanghai, 201615, China

Corresponding Author

Huijie Wu

ABSTRACT

The government guidance fund is an important measure to promote regional innovation and economic development. In order to analyze the role of government guidance funds on regional economic development, this paper uses the data of 30 provinces in China from 2010 to 2020, and uses the DID model to analyze the impact of GGF on local economy. The results show that GGF has a significant effect on regional economic growth and passes parallel trend test and placebo test. Secondly, it analyzes the operating mechanism of GGF and its three stages of development from 2008 to now. In addition, this study also analyzes the significance of GGF and the current difficulties. In general, this study analyzes the government guidance fund and provides reference opinions and suggestions for its development.

KEYWORDS

Government Guide Fund (GGF), DID, PM 2.5, Economic Growth

CITE THIS PAPER

Huijie Wu, Research on the government guide fund to promote local economic growth in China. Information Systems and Economics (2023) Vol. 4: 90-97. DOI: http://dx.doi.org/10.23977/infse.2023.040813.

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