摘要
通过构建异质性随机前沿模型,在考虑财政约束的条件下,对中国贸易收支的效率及其影响因素进行实证测度。研究结果显示:总体上看,财政约束是造成中国贸易收支失衡和效率扭曲的重要因素。从分区域角度看,东部地区面临的财政约束程度要明显低于中西部地区;财政支出分权和财政收入分权会加剧财政约束的不确定性,但前者无法缓解财政约束,而后者能够有效平抑财政约束;财政支出的扩张不但能缓解财政约束,还能降低财政约束的不确定性。财政收入的提高对财政约束本身缺乏显著性影响,但会加剧财政约束的不确定性;财政分权体制的强化能够有效缓和经济欠发达地区的财政约束,财政能力的提高和财政赤字的调控则有助于平滑经济发达地区的财政约束。
This paper empirically measures the trade balance efficiency in China by using heteroscedastic stochastic frontier model. The results show that fiscal constrains account for the efficiency distortions and trade imbalance in China and the extent of fiscal constraints in eastern region is significantly lower than central and western regions. Both of fiscal expenditure decentralization and fiscal revenue decentralization will increase the uncertainty of fiscal constraints. However, fiscal revenue decentralization can reduce fiscal constraints while fiscal expenditure can reduce both fiscal constraints and uncertainties. Though the increase of fiscal revenue shows no significant effects on fiscal constraints, it exacerbates the uncertainties of fiscal con- straints. Strengthening of fiscal decentralization system has notable easing effects on fiscal constraints in developing regions, while improvement of fiscal capability and regulation of fiscal deficit shows a smoothing mechanism in developed regions.
作者
林峰
LIN Feng(School of Economics and Commerce, South China University of Technology, Guangzhou 510006)
出处
《财贸研究》
CSSCI
北大核心
2017年第1期67-75,共9页
Finance and Trade Research
基金
广东省自然科学基金项目"地方财政行为视角下中国贸易收支的效率测度及其动态调整机制研究"(2016A030310431)
中央高校基本科研业务费资助项目"财政约束
不确定性与中国贸易收支失衡"(2015BS04)
关键词
财政约束
不确定性
贸易收支
异质性随机前沿
fiscal constraint
uncertainty
trade balance
heteroscedastic stochastic frontier
