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Abstract
Based on the panel data of the industrial structure of 31 provinces (cities, autonomous regions) in China from 2007 to 2017, this paper studies the relationship between local government’s choice of PPP financing and industrial structure and regional attributes. The study found that the advanced industrial structure has a restraining effect on the choice of PPP mode for local governments in the infrastructure sector. Further research after adding regional attributes shows that the attributes of the central and western regions have different effects on the selection of PPP mode. This paper believes that the industrial structure is an important factor for the government to use the PPP model for financing. Therefore, local governments should fully consider the impact of regional industrial structure when conducting infrastructure investment and financing.
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