中国式分权、标尺竞争与财政农业支出——基于动态面板数据模型的系统GMM实证

文章将财政分权、政府竞争与财政农业支出架构在统一的分析框架下,利用1988-2010年省级面板数据模型计量分析得出:财政分权在样本区间内促进了地方政府财政农业支出,具有正效应,但跨时与区域差异明显。财政分权与政府竞争的交互项阻碍了地方财政农业支出,在东部更加显著,模型加入政府膨胀程度、城市化、经济发展水平等变量后,回归结论保持稳健。另外,地方政府财政农业支出具有明显的累积效应,受宏观经济政策驱动明显,但是这种驱动力正在减弱。

Fiscal Decentralization, Yardstick Competition and Fiscal Expenditure for Agriculture Based on the Dynamic Panel Data Model and System-GMM

By using provincial panel data model of 1988-2010 years, this article provides an analysis framework based on fiscal decentralization, government competition and expenditure for agriculture. The results show that fiscal decentralization has promoted local government fiscal expenditure for agriculture, but crossing time and regional differences are significant. The cross terms of government competition and fiscal decentralization have hampered fiscal expenditure for agriculture, and in the East is more remarkable. The regression results remain robust when joining variables. In addition, the local government fiscal expenditure for agriculture has apparent cumulative effect. The expenditure is drove by macroscopical economic policy significantly, but the effect is reducing.