财政可持续信息披露与区域财政可持续性发展  

Fiscal Sustainability Information Disclosure and Fiscal Sustainability

作　　者：刘新波[1] 谢晓攀 刘轶芳[2] Liu Xinbo;Xie Xiaopan;Liu Yifang

机构地区：[1]中国社会科学院经济研究所 [2]中央财经大学经济学院

出　　处：《财政科学》2022年第11期87-103,共17页Fiscal Science

摘　　要：财政可持续信息披露是指政府向社会公众公布财政能否可持续发展的相关信息,有利于财政信息的透明化。财政可持续信息披露情况与区域财政可持续性发展水平存在一定的关联关系。本文首先构建财政可持续信息披露水平评价体系,对我国30个省(自治区、直辖市)2016-2018年的财政可持续信息披露情况进行测算。进而,利用固定效应模型,采用工具变量法,针对财政可持续性发展与财政可持续信息披露的关系进行深入分析。结果显示:财政可持续信息披露水平与财政可持续性发展具有双向促进作用,即较高的区域财政可持续性发展水平会提高政府对财政可持续信息的自主披露性,而政府对于财政可持续信息的披露又会反过来促进区域财政可持续性发展。Fiscal sustainable information disclosure refers to that the government announces to the public the relevant information about the sustainable development of finance, which is beneficial to the transparency of financial information. There is a certain correlation between the disclosure of financial sustainable information and the level of sustainable development of regional finance. This paper first builds an evaluation system for the level of fiscal sustainable information disclosure, and calculates the fiscal sustainable information disclosure of30 provinces in China from 2016 to 2018. Then, using the fixed effect model and the instrumental variable method, the relationship between fiscal sustainable development and fiscal sustainable information disclosure is deeply analyzed. The results showed that the level of financial sustainable information disclosure and financial sustainable development have a two-way promotion effect, that is, a higher level of regional financial sustainable development will improve the government’s independent disclosure of financial sustainable information, and the government’s disclosure of financial sustainable information will in turn promote the regional financial sustainable development.

关 键 词：财政可持续性发展 财政可持续信息披露指数 固定效应模型 

分 类 号：F812[经济管理—财政学]