财政激励与地方经济增长：一种U型关系
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| Title | Fiscal Incentives and Regional Economic Growth: a U-Style Relationship
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| 作者 | 史卫 廖俊平 张学志 |
| Author | Shiwei, Liao Junping, Zhang Xuezhi |
| 作者单位 | 中山大学岭南（大学）学院，中山大学岭南（大学）学院，中山大学国际商学院 |
| Organization | Lingnan College, School of International Business, Sun Yat-Sen University , Guangzhou |
| 作者Email | shiwei@mail.sysu.edu.cn |
| 中文关键词 | 财政激励 经济增长 “U”型 门槛效应 |
| Key Words | fiscal incentives; economic growth; U style; threshold effect |
| 内容提要 | 以往文献对财政激励没有统一的度量指标，对财政分权与经济增长关系的实证研究也没有得到一致的结论。本文构建了财政支出对产出的增量系数和财政支出占产出的平均比重两个指标来量度财政激励程度，并运用1994-2008年我国省区年度数据对财政激励与地区经济增长的关系进行了实证检验。结果发现，1994年以来财政激励与地方经济增长速度之间呈现出显著的“U”型关系。财政激励对于经济增长存在一个门槛效应，只有当财政激励程度大于这个门槛值时才会促进经济增长。现实中，多数省区的财政激励程度小于这个门槛值。以上结论是稳健的，不以加入体现地理、自然和发展差异等控制指标而发生改变。 |
| Abstract | The formerly Studies have no standard measurement index of the fiscal incentives, so there is no consistent conclusin on the relationship between fiscal decentralization and economic growth in China. The paper builds two index to measure the fiscal incentives level, the marginal coefficient between fiscal expenditure and GDP augmentation, the ratio of fiscal expenditure to GDP. The paper studies the relationship between fiscal incentives and regional economic growth with provincial government data from 1994 to 2008. We find out a remarkable U style relationship between fiscal incentives and regional economic growth. There is a threshold effect, fiscal incentives can promote economic growth only when it reach the threshold, In reality, fiscal incentives levels are below the threshold in most proviences. Finaly, We control some important factors, such as geography, natural fators and development differences, the conclusion is stable. |
| 文章编号 | WP289 |
| 登载时间 | 2012-07-02 |
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