On the Limitations for Chinese Government to Supply Public Goods
LU Hong-you
Abstract
LU Hong-you
Abstract
characteristic of the supply of public goods in China is the government regulation, monopoly of public sectors,and the limited function of market,private sectors and the third sectors.Because of the substitution of monopoly for competition and relying on solely the government regulation in producing the public goods ,a lot of troubles,such as the expansion of public sectors,the overburden of public finance,the low efficiency of public resources allocation, the short supply of public goods,rent seeking ,corruption and so on,are induced,Bearing these issues in mind,the author of the paper sooks briefly back the changes of the supply of public goods in history,indicates the drawbacks of the current supply mechanism of public goods and its causes,and finally,points out the ways in establishing a new supply system of public goods in China.
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characteristic of the supply of public goods in China is the government regulation, monopoly of public sectors,and the limited function of market,private sectors and the third sectors.Because of the substitution of monopoly for competition and relying on solely the government regulation in producing the public goods ,a lot of troubles,such as the expansion of public sectors,the overburden of public finance,the low efficiency of public resources allocation, the short supply of public goods,rent seeking ,corruption and so on,are induced,Bearing these issues in mind,the author of the paper sooks briefly back the changes of the supply of public goods in history,indicates the drawbacks of the current supply mechanism of public goods and its causes,and finally,points out the ways in establishing a new supply system of public goods in China.
Key concepts: Public good, Monopoly, Government (linguistics), Competition (biology), Economics, Public sector, Business, China