Influence of capital allocation on interregional inequality of public services: differentiated evidence of investment by the government and market in China
研究中国政府和市场投资的空间配置如何影响公共服务地区间不平等，发现政府投资加剧不平等，而私人投资缓解不平等。
Interregional inequality of public services is accompanied by their combined supply by government and market. This study investigates whether the spatial allocation of regional investment influences inequality and explores the differentiated source of such influence, distinguishing between government investment and private investment in China. Results suggest that the interregional inequality of public services is spatialised by the distorted spatial allocation of investment, which manifests itself as capital market segmentation, and it is aggravated by government investment but relieved by private investment. Such effects derive from differences in local protectionism, interregional competition and capital flow between government investment and private investment.