A Study of the Impact of Public Goods Provision on Economic Growth A Perspective Based on Literature Review

Since reform and opening up, the growth rate of Chinas public expenditure has exceeded the GDP growth rate. In the 20 National Congress , it is clearly pointed out that to strengthen socialist construction, we should focus on ensuring and improving peoples livelihood, and vigorously increase infrastructure construction such as education, health care and culture. All these phenomena show that the government has increased its investment in the supply of public goods, but the social voice and academic research are still focused on the problem of insufficient supply of public goods. On the one hand, the rapid growth of government expenditure, on the other hand, is the severe criticism of the insufficient supply of public goods. The real reason for this phenomenon is the regional difference in the supply of public goods. Therefore, studying the relationship between public goods supply differences and economic growth and convergence in various regions of our country has important theoretical and practical significance to solve the problem of public goods supply in our countrys economic growth and narrow the regional development gap. This paper reviews relevant literature from the two aspects of theoretical research on public goods and the correlation between the supply of public goods and economic growth, and explores that the supply of public goods can better grasp the context of economic development, timely explore new models of economic development, and provide continuous driving force for sustainable and healthy economic growth. Chao Qun Meng | Xiao Hu Dong "A Study of the Impact of Public Goods Provision on Economic Growth - A Perspective Based on Literature Review" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-6 , December 2023, URL: https://www.ijtsrd.com/papers/ijtsrd61239.pdf Paper Url: https://www.ijtsrd.com/economics/development-economics/61239/a-study-of-the-impact-of-public-goods-provision-on-economic-growth--a-perspective-based-on-literature-review/chao-qun-meng