Government Investment and High-Quality Economic Development-Measurement and Analysis Based on Input-Output Method

doi:10.1007/s11424-022-0268-8

Journal of Systems Science and Complexity ›› 2022, Vol. 35 ›› Issue (3): 993-1008.DOI: 10.1007/s11424-022-0268-8

Government Investment and High-Quality Economic Development-Measurement and Analysis Based on Input-Output Method

YANG Xuelian¹, TIAN Kailan², ZHU Lingxiu², YANG Cuihong²

1. School of Economics and Management, University of Chinese Academy of Sciences, Beijing 100190, China;2. Academy of Mathematics and Systems Science, Chinese Academy of Sciences, Beijing 100190, China

Received:2020-10-27 Revised:2021-04-25 Published:2022-06-20
Supported by:
This paper was supported in part by the National Natural Science Foundation of China under Grant Nos. 62173255 and 62188101.

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YANG Xuelian, TIAN Kailan, ZHU Lingxiu, YANG Cuihong. Government Investment and High-Quality Economic Development-Measurement and Analysis Based on Input-Output Method[J]. Journal of Systems Science and Complexity, 2022, 35(3): 993-1008.

Analysis of how government investment promotes economic development and employment is important for improving government's decision-making and promoting high-quality economic development in western China. In this paper, the authors take Xinjiang as an example to conduct such an analysis. Firstly, based on the competitive input-output table of Xinjiang, the non-competitive input-output tables of 2007, 2012 and 2015 are compiled in this paper. Secondly, the contribution of Xinjiang government investment, especially the major government investment projects, to the valueadded of Xinjiang, other provinces and cities in China and abroad are calculated. Thirdly, this paper uses the non-competitive input-output table to compile the sectoral employment vector, and uses the input-occupancy-output technique to measure how government investment promotes employment. The results show that Xinjiang government investment contributes the most to the value-added of Xinjiang and other provinces and cities, but less to foreign countries; the government investment create the most job opportunities in projects including transportation projects and livelihood projects etc.

Key words: Economic growth, employment, government investment, high-quality economic development, input-output model.

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