An Analysis of the Crowding-out(in) Effect of China's Government Investment——Based on the Perspective of Regional Differences Panel Data

This paper analyzes the crowding-out(crowding-in) effect of the East,Central and West areas in China by using panel data.The eastern region government shows an obvious crowding in effect,western second,while the central region the lowest.In addition,besides the the crowding influence of the government investment,the private investment also affected by other factors,such as economic fluctuation,urbanization rate,the level of infrastructure,the degree of financial development,opening degree,commercialize degree,desirable folk investment level and so on.