A Study of Fiscal Expenditure Structure and Green Economic Growth Effects: A Sample from Asian Economies

Abstract

The structure of fiscal expenditure in China has been suffering from over-reliance on a single type, while synchronisation and coordination with economic growth are lacking. This paper studies and analyses fiscal expenditure and green from a theoretical perspective. There is a close link between the structure of fiscal expenditure and green economic growth, and a reasonable and appropriate selection and allocation is conducive to promoting the overall development level of China, while financial resources input is a key consideration in optimising the structure of fiscal expenditure. This paper proposes hypotheses and establishes a regression model after an in-depth study of fiscal expenditure in a provincial economy in Asia in the light of domestic and international literature. Through empirical analysis, a green GDP reflecting economic growth and environmental pollution is synthesised using the principle of output per unit of pollution, and the impact of fiscal expenditure structure on green economic growth in China is empirically tested.

Research on the coordination of fiscal structure and high-quality economic development: An empirical analysis with the example of Anhui province in China

“…There is a close relationship between fiscal expenditure structure and green economic growth, and a reasonable and appropriate selection and allocation of fiscal expenditure structure is conducive to promoting the growth of China's overall green economy [16].…”

“…The average values of Anhui's 16 According to Fig 4 (left), the level of high-quality economic development in Anhui shows a steady upward trend, but is still at a low level; the level of innovative economic development in Anhui shows an upward trend overall, the level of coordinated economic development and the level of open economic development shows a wave-like upward trend, the level of green economic development shows a downward and then upward trend, gradually declining since 2010 and reaching its lowest point in 2015. It reached the lowest point and then gradually rose, and the economic shared development level as a whole showed a decreasing trend.…”

“…Fiscal R&D expenditures and education expenditures promote green economic growth through technological and human capital-intensive activities, respectively [ 15 ]. There is a close relationship between fiscal expenditure structure and green economic growth, and a reasonable and appropriate selection and allocation of fiscal expenditure structure is conducive to promoting the growth of China’s overall green economy [ 16 ].…”

Exploring the Mechanism of the Impact of Green Finance and Digital Economy on China’s Green Total Factor Productivity

“…The improvement of total factor productivity is mainly reflected in two aspects of technological progress and efficiency progress, and each general technological innovation in human history has been able to significantly promote the leapfrog development of these two aspects [ 8 , 9 , 10 ]. Green finance incorporates environment and pollution into endogenous factors, and through the development of related green credit and green investment business, it guides the flow of funds into green environmental protection projects, optimizes resource allocation, and achieves win-win interaction between green finance and green economy [ 11 , 12 ]. Therefore, green finance plays an important role in promoting high-quality economic development [ 13 , 14 , 15 ].…”