Local Government Intervention,Private Enterprise Market Entry and Economic Growth from the Perspective of Government-Enterprise Relationship
In a market economy,the establishment of a reasonable government-enterprise relationship helps to cultivate and develop the private enterprise market and further promotes economic growth.An empirical study based on China's provincial panel data finds that private enterprise market entry significantly promotes economic growth as the main driver,while local government intervention does the opposite.In the process of private enterprise market entry and government intervention affecting economic growth,the threshold effect is shown:when local government intervention crosses a single threshold,the role of private enterprise market entry on economic growth changes from promotion to inhibition,implying that the deepening of local government intervention inhibits the process of marketization,which is further detrimental to economic growth,but when private enterprise market entry crosses the threshold,the negative effect of local government intervention on economic growth is weakened,and the positive effect of private enterprise development can be realized.In this regard,it is possible to build a good mechanism for government-enterprise interaction to coordinate government-enterprise relations and promote sustainable,high-quality economic development.
economic growthlocal government interventionprivate enterprise market entrygovernment-enterprise relations
NETL
NSTL
万方数据
