@article{2036,
author = "Qin Wang and Zhuo Huang",
abstract = "In agriculture, moderate overcapacity is a normal phenomenon in a market economy, which can promote competition and achieve survival of the fittest. However, at present, China's overcapacity has become a stubborn obstacle to economic development, falling into a vicious cycle of "more regulation, more expansion", which has attracted high attention from the government and academia. In order to further study the phenomenon of overcapacity, this paper constructs a mediation effect model and a dynamic panel model to examine and test the mechanism by which government fiscal intervention affects investment and thus affects overcapacity. The research results confirm that investment is an intermediary channel for fiscal intervention on overcapacity, and fiscal subsidies do indeed cause efficiency losses and worsen the overcapacity effect of investment.",
issn = "23495219",
journal = "IJIRES",
keywords = "Overcapacity, Mediation Effect, Government Financial Intervention, Intermediary Channels",
month = "March",
number = "2",
pages = "53-61",
title = "{I}ntermediate {E}ffect and {D}ynamic {P}anel {M}odel of {I}nvestment {I}mpulse and {O}vercapacity",
volume = "11",
year = "2024",
}