Wang Yunxian, Wang Xin, Zhang Zheng, Cui Zhanmin
School of Agriculture Economics and Rural Development, Renmin University of China, Beijng, 100872, China.
National Research Center of Cultural Industries, Central China Normal University, Wuhan, 430070, China.
Econ Anal Policy. 2023 Mar;77:51-63. doi: 10.1016/j.eap.2022.10.011. Epub 2022 Oct 31.
After the pandemic, China's fiscal and monetary authorities implemented macroeconomic restructuring measures to combat the pandemic. Using a difference-in-difference model based on data collected during the COVID-19 phase, this study attempted to determine the economic recovery in China using the pandemic means for economic growth and energy consumption in other economies. A 0.21 percent increase in the western region's economic growth is comparable to a 0.15 percent increase in the growth of the southern central and northern regions during the pandemic period. Accordingly, we found evidence of actual provincial spillover effects in the clustering of high- and poor-performing regions. The impact of China's economic resurgence beyond the pandemic phase plays an important role in expanding power consumption in different regions. Since headwinds hamper economic development to aggregate output, fiscal policy is the sole option for maintaining pollution levels while simultaneously improving household well-being in terms of demand and employment.
疫情之后，中国财政和货币当局实施了宏观经济结构调整措施以抗击疫情。本研究基于新冠疫情期间收集的数据，采用双重差分模型，试图通过其他经济体利用疫情实现经济增长和能源消耗的方式来确定中国的经济复苏情况。在疫情期间，西部地区经济增长提高0.21%，相当于中南部和北部地区经济增长提高0.15%。据此，我们发现了高绩效和低绩效地区集群中实际存在省级溢出效应的证据。中国疫情后经济复苏对不同地区扩大电力消费起到重要作用。由于逆风阻碍经济发展至总产出，财政政策是在维持污染水平的同时，在需求和就业方面改善家庭福祉的唯一选择。
