关键词: 公共投资;准商业模式;中国农村

Abstract:

Using a nationally representative public investment dataset collected from 2 459 villages in 6 provinces, the paper focuses mainly on the public investment record of quasi-commercial electricity and telephone agencies in Chinas Villages. The empirical results show that as a profit maximization unit, quasi-commercial enterprises investment strategy is some what different from public investment. If no government strains, quasi-commercial enterprises invest less in poor and mountainous villages with regards to electricity and telephone projects. However, although informal connection (Guanxi) is very important in getting public projects funded by public organizations, it does not work in quasi-commercial enterprises decision process when implementing the electricity and telephone projects. The chief conclusion of the paper is that with some government strains attached, the quasi-commercial enterprises could correct their behavior by adopting a more pro poor approach. If it is true, then the quasi-commercial enterprises will be an important and effective complement funding sources for the public projects in rural china villages in the future.

Key words: public investment, quasi-commercial sector, rural China