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The local fiscal expenditure for science and technology(S&T) and the economic growth are two interactional facors in an economic system. Basing on the sample of Fujian Province in China, we estimate the long-term and short-term elasticity of the local fiscal expenditure on the economic growth, and then study the interaction between these two factors. We find that the lag effect and the long-term interactive effects exist between them, the local fiscal expenditure for S&T play a more important role on economic growth of Fujian province in long-term than short-term. © 2011 IEEE.
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Year: 2011
Language: English
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WoS CC Cited Count: 0
SCOPUS Cited Count: 3
ESI Highly Cited Papers on the List: 0 Unfold All
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30 Days PV: 3
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