Citation:
CHEN Kunting. What is the Impact of Capital Structure on Long-term Economic Growth——基于中国省际面板数据的门槛回归分析[J]. Academic Monthly, 2023, 55(11): 52-62.
What is the Impact of Capital Structure on Long-term Economic Growth——基于中国省际面板数据的门槛回归分析
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Abstract
Capital deepening is the trend characteristic of contemporary economic development process,but how the capital structure and quality determine and affect the efficiency of economic growth is still a problem that lacks sufficient quantitative analysis and research.This paper studies the mechanism of the impact of capital structure on economic growth.Capital structure refers to the structure between public capital and private capital.The study found that there is an optimal capital structure in the process of economic development in China.When the private capital is about twice the public capital,the capital structure is optimal.
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