As a policy-oriented fund established by the government,the government-guided fund reflects the government's policy orientation and industrial support direction.Since its establishment,the government-guided fund has become one of the powerful fiscal policy tools for local governments to promote regional development and industrial structure upgrading.However,several problems such as insufficient investment efficiency and incomplete evaluation system exist in the current construction and development of the government-guided fund.Therefore,based on advanced domestic and foreign experience and the actual situation in Hubei Province,a complete framework for the government-guided fund is constructed in this paper.Additionally,based on the life cycle theory,the analytic hierarchy process is used to further construct an evaluation index system,providing objective basis and suggestions for supervision and evaluation on the development of the government-guided fund.
government-guided fundperformance evaluationlife cycle theoryanalytic hierarchy processeconomic development of Hubei Province
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