摘要
基于中国30个省(区、市)2001—2018年的面板数据,分别采用超越对数生产函数和超效率DEA模型对各地区的资本错配程度和创新效率进行测度,并进一步运用双向固定效应模型实证检验财政分权对区域创新效率的直接影响和作用机制。研究发现:从全国层面来看,财政分权对创新效率具有显著的促进作用,主要是通过降低地区的资本错配程度,减缓了因资本错配带来的创新效率损失;分区域来看,在产能过剩程度较低的省份,财政分权通过抑制资本错配减少了创新效率损失,对创新效率产生了促进作用;但在产能过剩程度较高的地区,虽然财政分权通过缓解资本错配降低了创新效率损失,但是财政分权对创新效率仍然具有显著的抑制作用,资本错配表现为遮掩效应而非中介效应。为了提升区域创新效率,促进经济高质量发展,应进一步完善财政分权制度,优化地方政府财政支出结构,提高资本配置效率。
Based on the panel data of 30 provinces,autonomous regions,and municipalities in China from 2001 to 2018,this paper uses the trans-logarithmic production function and the super-efficiency DEA model to measure the capital mismatch and innovation efficiency of each region,and further uses a two-way fixed effect model to empirically test the impact of fiscal decentralization on regional innovation efficiency and the intermediary mechanism.The results are as follows:From a national perspective,fiscal decentralization plays a significant role in promoting innovation efficiency,mainly by reducing the degree of regional capital misallocation and slowing down the loss of innovation efficiency caused by capital mismatch;From a sub-regional point of view,in provinces with low overcapacity,fiscal decentralization can reduce the loss of innovation efficiency and promotes innovation efficiency by restraining capital misallocation.However,in the areas with high overcapacity,although fiscal decentralization reduces the loss of innovation efficiency by alleviating capital misallocation,it still has a significant inhibitory effect on innovation efficiency.And the capital mismatch is manifested as a cover effect rather than an intermediary effect.In order to improve the efficiency of regional innovation and promote high-quality economic development,we should further improve the fiscal decentralization system,optimize the financial expenditure structure of local governments,and improve the efficiency of capital allocation.
作者
黄立赫
石映昕
HUANG Lihe;SHI Yingxin(School of Marxism,Northwestern Polytechnical University,Xi’an 710129,China;School of Marxism,North China University of Water Resources and Electric Power,Zhengzhou 450046,China)
出处
《经济经纬》
CSSCI
北大核心
2022年第5期35-44,共10页
Economic Survey
基金
国家社会科学基金重大项目(18VSJ087)
河南省高等教育教学队等研究与实践项目(学位与研究生教育2021SJGLX064Y)。
关键词
财政分权
资本错配
创新效率
中介效应检验
区域差异
Fiscal Decentralization
Capital Mismatch
Innovation Efficiency
Intermediary Effect Test
Regional Differences
