Research On The Performance Evaluation And Influencing Factors Of China’s Livelihood Investment

People’s livelihood has always been a concern,because it relates to the most direct and vital interests of the people.In recent years,the issue of people’s livelihood has gradually become a hot topic of academic discussion.Ensuring and improving people’s livelihood is not only an effective way to expand domestic demand,but also an effective way to promote high-quality economic and social development.It is also the basic starting point and goal of accelerating the reform of the mode of economic development.This will help China overcome the middle-income trap and build a prosperous society and a modern socialist country.Therefore,it is of great significance to analyze the investment performance and its influencing factors in the field of people’s livelihood in China,which is conducive to the improvement of the government’s people’s livelihood service system and the formulation of policies for people’s livelihood in China,so as to improve the investment performance level in the field of people’s livelihood in China.This paper first summarizes relevant domestic and foreign studies on performance evaluation in the field of people’s livelihood,and draws on their experience to construct an evaluation indicator system including education,medical care,social security and employment,transportation and environment.Then,the entropy weight TOPSIS model is used to evaluate the performance of investment in the field of people’s livelihood in all provinces and cities in China from 2009 to 2018.At the same time,the system clustering method is used for clustering,and then the Tegel index of regional differences in China’s livelihood investment is calculated.Finally,the relevant factors affecting the livelihood investment performance are extracted based on previous studies,and the impact of each factor on the performance level is explored based on the principal component regression model.The empirical results show that the performance level of investment in people’s livelihood is generally not high in China,which can be divided into three categories:high level in 6 provinces(autonomous regions and municipalities)such as Shandong and Guangdong,medium level in 23 provinces(autonomous regions and municipalities)such as Jilin and Shaanxi,low level in Tibet and Qinghai.Among them,openness,fiscal decentralization,per capita GDP,urbanization level and education level have a positive effect on the improvement of the performance level of investment in people’s livelihood,while the expansion of government size will reduce the performance level,and there are obvious differences in the allocation of investment resources in people’s livelihood.The main reason for the difference is the big difference within the western region and the big difference between the eastern and western regions.Finally,according to the results of empirical research,relevant suggestions are put forward to improve the performance level of investment in the field of people’s livelihood in China,including improving the investment system in the field of people’s livelihood in China to improve the performance level,further expand the opening to the outside world,and strengthen the fiscal decentralization of various regions.