Research on the Impact of Sports Industry Guiding Funds on Regional Economic Development:Based on the Empirical Evidence of Multi-stage DID
Sports industry guiding funds represent a crucial fiscal policy instrument for local governments to explore supply-side structural reforms of sports industry and promote regional sports industry development.This study employs a multi-period difference-in-differences approach to empirically examine the impact mechanisms of sports industry guiding funds on regional economic growth.The results show that:sports industry guiding funds significantly promote regional economic growth;The sports industry guiding funds can promote regional economic development through two mechanisms of promoting the optimization and upgrading of industrial structure and the growth of social employment scale.The promotion effect of sports industry guiding funds on regional economic development is heterogeneous due to the different level of regional economic development,and the economic effect is significant in areas with high economic development level,but not vice versa.Further analysis reveals that the guiding funds play a"reinforcing"role in the development of the sports industry,while exerting a significant negative impact on regions with a low level of sports development.Suggestions:Pay attention to the landing of sports industry guiding funds to orderly expand the coverage of the policy;Combine the local economic development situation and long-term strategy to rationally arrange the sports industry to guide the investment of funds;Pay attention to the employment driving role of sports industry guiding funds to enrich and improve the performance evaluation system.
sports industry guiding fundsregional economic developmentindustrial structure optimizationemployment effectmulti-stage DID
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