Abstract
New infrastructure will not only help prevent and control epidemics and stimulate investment and consumption, but also transform the economy. Through econometric analysis by building and calculating a New Infrastructure Development Policy Index (NIDP), this research finds that the development of new infrastructure significantly contributes to regional economic growth and increases TFP.
Zhou was an ancient state, but King Wen adhered to the mandate of Heaven for renovation.
—Book of Songs.
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Notes
- 1.
GDP for the first quarter of 2020 initial accounting results. http://www.gov.cn/xinwen/202004/18/content_5503803.htm.
- 2.
The Standing Committee of the Political Bureau of CPC held a meeting chaired by General Secretary ** to consider priorities in strengthening pandemic response and stabilizing economic and social operations. http://www.gov.cn/xinwen/202003/04/content_5486931.htm.
- 3.
Refer to Sect. 9.3 for the method of constructing NIDP.
- 4.
The logarithm of GDP per capita in Yunnan Province in 2017 (with 2010 as the base year) is close to 10.26.
References
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Zhang, J., Wu, G., Zhang, J.: Interprovincial physical capital stock estimation in China: 1952–2000. Econ. Res. 10, 35–44 (2004)
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Pan, C. (2024). Infrastructure and Economic Growth: From the Perspective of New Infrastructure. In: Urban Infrastructure and Economic Development in China. Public Economy and Urban Governance in China. Springer, Singapore. https://doi.org/10.1007/978-981-99-6629-5_9
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DOI: https://doi.org/10.1007/978-981-99-6629-5_9
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