Investment Promotion Among Local Government Under The Theory Of Share Tenancy

The mainstream theory about Chinese local government competition achieves miracle literatures generally include two aspects.One is official promotion tournament theory,which argues that competition among governments is competition among those of officials.Promotion system according to economic performance motivates officials try to develop local economy.The other is fiscal decentralization theory,which finds competition mechanism from fiscal decentralization and relationship among government at all levels.Steven N.S.Cheung develops a new style,after many years of observation,he found that carrier of local competition was the use of land,and the theoretical framework is the Theory of Share Tenancy.he unlocked the password of Chinese economic miracle at length.This article will explain the government and company organization and the process of China's reform from the perspective of contract.according to Steven N.S.Cheung's idea,and interpret the optimal solution of the equation,the optimal solution of the geometry clearly.It analyzes the influence of the effect of tax change VAT within this framework and depends on the core that deals with the relationship between the government and the market correctly to summarizes the general experience of the Chinese miracle,and also provides a typical case for empirical analysis.It uses fluid equilibrium properties in currency and the latest evidence of super-currency to explain the cause of China's economic structural contradiction.