摘要
深化财政体制改革是中国经济实现高质量发展的必然诉求。基于此背景下,选择中国2000—2016年29个省份的面板数据,通过动态面板模型检验财政失衡对全要素生产率的影响。结果发现:在路径分析中,财政失衡的加剧会带来全要素生产率损失,但纵向财政失衡的加剧会带来技术进步,而支出角度下横向财政失衡的加剧会带来技术效率改善;在地区差异分析中,财政失衡的加剧会带来地区全要素生产率损失,但收入角度下西部地区横向财政失衡的加剧会带来全要素生产率上升。此外,良好的制度环境因素能够降低财政失衡对全要素生产率的消极影响。最后,得出适度缩小财政失衡度可以有效促进全要素生产率提升的重要启示。
Deepening the reform of the financial system is the inevitable demand for China’s economy to achieve high-quality development. Based on this background,this paper selects panel data of 29 provinces from 2000 to 2016 in China to test the impact of fiscal imbalance on total factor productivity by using dynamic panel model. Results show that the aggravation of fiscal imbalance will bring the loss of total factor productivity in path analysis,but the aggravation of vertical fiscal imbalance will bring about technological progress,while the aggravation of horizontal fiscal imbalance from the perspective of expenditure will bring about the improvement of technical efficiency. In regional difference analysis,the aggravation of fiscal imbalance will lead to the loss of regional total factor productivity,but the aggravation of horizontal fiscal imbalance in the western regions under the perspective of income will lead to the increase of total factor productivity. In addition,a good institutional environment can reduce the negative effect of fiscal imbalance on total factor productivity. Finally,an important enlightenment is drawn that moderate reduction of fiscal imbalance can effectively promote the improvement of total factor productivity.
作者
林春
孙英杰
LIN Chun;SUN Ying-jie(School of Economics,Liaoning University,Shenyang 110036,China)
出处
《云南财经大学学报》
CSSCI
北大核心
2019年第1期3-14,共12页
Journal of Yunnan University of Finance and Economics
基金
辽宁省社会科学规划基金青年项目"创新驱动与辽宁地区全要素生产率提升"(L18CJL003)
辽宁省社会科学规划基金重点项目"辽宁省改善营商环境与提升开放性经济水平互动研究"(L17AJY008)
辽宁省教育厅人文社会科学青年项目"辽宁地区金融资源配置效率研究"(WQN201725)
辽宁大学青年科研基金项目"创新驱动对全要素生产率提升作用研究"(LDQN2018011)
关键词
纵向财政失衡
横向财政失衡
全要素生产率
系统矩估计
Vertical Fiscal Imbalance
Horizontal Fiscal Imbalance
Total Factor Productivity
SYS-GMM
