An Empirical Investigation on the Crowding out Effect and Crowding in Effect of Local Government Investment upon Private Investment——Take Heilongjiang province for example

This paper studies whether the local government investment of Heilongjiang province has crowding-out effect to private investment,using of time series data and choosing the method of VAR model.According to the data between 1978 to 2006,which results show that local government investment of Heilongjiang province on private investment has not caused crowding-out effect.