Title :
Efficiency and Equity under Public Investment Policy
Author :
Tian Lei ; Huang Hai
Author_Institution :
Sch. of Econ. & Manage., BUPT, Beijing, China
Abstract :
The government needs to adopt public investment policy to achieve social efficiency and equity. The public investment model with objectives to increase income per capita, decrease income per capita gap, and increase employment rate was established by reconstructing neo-classic economic growth model. Empirical research shows the validity of the model. The government is suggested to pursue these objectives by allocating public investment proportions to various regions and sectors.
Keywords :
economics; employment; investment; employment rate; income per capita; neo-classic economic growth model; public investment policy; social efficiency; social equity; Biological system modeling; Economics; Employment; Genetics; Government; Investments; Resource management;
Conference_Titel :
Management and Service Science (MASS), 2010 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-5325-2
Electronic_ISBN :
978-1-4244-5326-9
DOI :
10.1109/ICMSS.2010.5575996
