身边的经济学·社会常识英语精读30篇（6）

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基于区域投入产出结构的财政乘数异质性

Infrastructure spending generates higher multipliers in regions with dense supplier networks and localized procurement mandates.
Input-output linkages determine whether stimulus flows primarily to wages, imports, or retained corporate profits.
Regions dominated by branch plants exhibit lower domestic value-added leakage than those with integrated manufacturing ecosystems.
Local content requirements boost backward linkage effects but may reduce allocative efficiency in competitive bidding.
Multiplier estimates derived from national models systematically misrepresent outcomes in export-oriented special economic zones.
Labor market tightness interacts with sectoral input dependencies to amplify or dampen initial spending impacts.
Fiscal transfers to fiscally distressed areas yield diminishing returns when local fiscal capacity constrains implementation speed.
Interregional trade coefficients reveal how construction spending in one province stimulates manufacturing output in another.
Digital platform intermediation fragments traditional input chains, weakening multiplier propagation in services-heavy economies.
Energy-intensive sectors distort regional multipliers when electricity pricing is administratively controlled rather than market-determined.
Supply chain fragmentation increases vulnerability to import substitution policies, altering baseline multiplier assumptions.
Policy evaluation must account for spatial autocorrelation in input-output tables, not just temporal lags.