TITLE:
Research on Fiscal Decentralization, Local Government’s Behavior Preference and Technology Investment Efficiency—Based on Chinese Practice
AUTHORS:
Qi Wang
KEYWORDS:
Fiscal Decentralization, Government’s Behavior Preference, Technology Investment Efficiency
JOURNAL NAME:
American Journal of Industrial and Business Management,
Vol.8 No.4,
April
30,
2018
ABSTRACT: The
starting point of the fiscal decentralization theory is the efficiency of
public goods supply. As one of the major public investment projects of the
government, science and technology investment has a great impact on the
development of the country and the people’s life. Therefore, based on the
practice of Chinese fiscal decentralization, this paper tries to reveal the effect of fiscal decentralization
and local government’s behavior preference on science and technology investment
efficiency by normative analysis. Through
research, it has been found that technology investment requires a huge amount
of money and time to produce results. So it is not easy to achieve results in
the short term. Under Chinese-style fiscal decentralization, the lack of
institutional constraints and reasonable officials’ assessment indicators has
led to the alienation of local government’s behavior preference and the loss of
the efficiency of science and technology investment.