Empirical Research of Economic Benefit of China’s Rural Public Goods Supplying: Based on Partial Least Squares

Abstract

At present, the research on the supply of rural public goods in our country is more concentrated on qualitative analysis and less on its economic benefits. Based on the Bloom’s analysis of the influence of non-productive factors on economic growth, this paper constructs a matrix equation of the economic benefit of rural public goods supply, and uses the partial least squares method to make a quantitative analysis on the economic benefit of rural public goods supply. The research results show that: the supply of basic factors of production has significant economic benefits, in which capital and technology have a significant positive impact on economic benefits, and labor force has a significant negative impact on economic benefits; public goods such as medical treatment, rural relief and Water conservancy construction have a significant positive impact on economic benefits, and culture has a positive impact on economic benefits but is not significant.