This paper analyzes implications of financial expenditures to regional economic growths in 46 different urban-rural integration cities. Using the time series data of urban-rural integration cities during 2000 to 2013. In addition, panel regression analysis is carried out to analyze the each variable's influence on the integrations' regional economy applying per capita GDP as the dependent variable.As a result, in the total region, financial variables, such as social development expenditure, economic development expenditure, and degree of financial independence have significantly positive effects; Education expenditure, local tax and degree of financial independence shows positive influences in central region; Only social development expenditure makes positive effects in the southern region, while the local taxes makes negative effects. Control variables such as number of employees and tangible fixed assets have positive effects in the all urban-rural integrations cities.Ultimately, it can be seen that the efficiency of financial expenditure is considerably low and the financial expenditure failed to augment the economy in urban-rural integrations. In addition, more efforts are required to take advantage of private capital in the central region, while reducing the region taxes to the appropriate level and expanding the expenditure of social development are necessitated to make sure of the positive allocation of resources in the southern region.
This paper analyzes implications of financial expenditures to regional economic growths in 46 different urban-rural integration cities. Using the time series data of urban-rural integration cities during 2000 to 2013. In addition, panel regression analysis is carried out to analyze the each variable's influence on the integrations' regional economy applying per capita GDP as the dependent variable.As a result, in the total region, financial variables, such as social development expenditure, economic development expenditure, and degree of financial independence have significantly positive effects; Education expenditure, local tax and degree of financial independence shows positive influences in central region; Only social development expenditure makes positive effects in the southern region, while the local taxes makes negative effects. Control variables such as number of employees and tangible fixed assets have positive effects in the all urban-rural integrations cities.Ultimately, it can be seen that the efficiency of financial expenditure is considerably low and the financial expenditure failed to augment the economy in urban-rural integrations. In addition, more efforts are required to take advantage of private capital in the central region, while reducing the region taxes to the appropriate level and expanding the expenditure of social development are necessitated to make sure of the positive allocation of resources in the southern region.
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