Title: Analysis of Validity of China's Fiscal Policy——In the Context of Financial Crisis
Abstract: The implementation basis and background of China's pro-active fiscal policy in 1997's financial crisis has been very different from 2008's.Thus,by comparing the 1998-2003 pro-active fiscal policy and by estimating its validity that will be brought by the investment of 4,000 billion in the next two years can further improve the policy formulation and provide a meaningful reference for the government.The results show that the effectiveness of fiscal policy from 1992 to 2008 was declining all the way.The structural problems,which were exposed in this round of economic crisis,show that China's pro-active fiscal policy still have much room for improvement reform.
Publication Year: 2010
Publication Date: 2010-01-01
Language: en
Type: article
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