A Historical Examination of the Impact of Public Finance on Economic Growth——With a Discussion on Institutional Arrangements in the Development of New Quality Productive Forces
Economic growth serves as the foundation and driving force of social development,and its progression reflects the evolution of human socio-economic forms.This paper examines the historical relationship between public finance and economic growth,tracing its evolution across various periods,from ancient times through the Middle Ages,the Renaissance and early modern era,the Industrial Revolution,to the present.Analysis reveals that effective allocation of fiscal resources is crucial for successful economic development at both national and global levels.The efficacy of public finance hinges on the clear delineation of public and private spheres and the robustness of supporting legal systems.In the context of cultivating new quality productive forces in contemporary China,inclusive institutional arrangements are key to leveraging public finance for economic growth.
public financeeconomic growthhistorical examinationnew quality productive forces
NETL
NSTL
万方数据
