Open AccessWill industrial restructuring under the infrastructure sector promote local governments to adopt the PPP model?
Author(s) -
Yujie Liu
Publication year - 2019
Publication title -
iop conference series. materials science and engineering
Language(s) - English
Resource type - Journals
eISSN - 1757-899X
pISSN - 1757-8981
DOI - 10.1088/1757-899x/688/5/055022
Subject(s) - restructuring , local government , business , investment (military) , china , government (linguistics) , panel data , mode (computer interface) , secondary sector of the economy , industrial policy , industrial organization , finance , economic system , economics , economy , international trade , geography , linguistics , philosophy , archaeology , politics , political science , computer science , law , econometrics , operating system
Based on the panel data of the industrial structure of 31 provinces (cities, autonomous regions) in China from 2007 to 2017, this paper studies the relationship between local government’s choice of PPP financing and industrial structure and regional attributes. The study found that the advanced industrial structure has a restraining effect on the choice of PPP mode for local governments in the infrastructure sector. Further research after adding regional attributes shows that the attributes of the central and western regions have different effects on the selection of PPP mode. This paper believes that the industrial structure is an important factor for the government to use the PPP model for financing. Therefore, local governments should fully consider the impact of regional industrial structure when conducting infrastructure investment and financing.