Fiscal Transfer, Education Investment and Long-Term Educational Performance  

作　　者：Yueguang Gao Ziying Fan 

机构地区：[1]School of Public Finance and Taxation,Southwest University of Finance and Economics [2]School of Public Economics and Administration,Shanghai University of Finance and Economics

出　　处：《China Finance and Economic Review》2022年第2期68-84,共17页中国财政与经济研究（英文）

基　　金：“Research on the Scale Measurement,Formation Mechanism and Spillover Effect of Fiscal Subsidies in China”project supported by the National Natural Science Foundation of China(71973088);“Comprehensive Promotion of Ecological Innovation-based Public Finance and Taxation Policy System”project supported by the National Social Science Fund of China(19ZDA076)。

摘　　要：Reasonable allocation of educational powers and expenditure responsibilities between central and local government is crucial to the development of education.The reason lies in the fact that local governments have relatively insufficient incentives to invest in education by using local fiscal revenues,while the central government,which pursues the maximization of the interests of the whole society,could promote education and other public services with spatial spilloves.The fiscal transfer payment has made up for the shortage of local investment in education.This paper uses 2010 census(micro data)and macro fiscal data to verify the effects above.Based on the year of birth and place,this paper constructs the proportion of fiscal transfers for compulsory education in the total fiscal revenue(local fiscal revenue and fiscal transfers)to reflect its structural effect.It is found that every 10%increase in the proportion of fiscal transfers brings at least additional 0.2 year of schoolings for local residents,and the effect of special transfer payments accounts for a larger share,among the three types of transfer payment.In the mechanism test,we find that transfer payment can effectively increase local education expenditure and produce an obvious structural effect.Based on this,in order to further improve the long-term educational performance of individuals,we believe that it is necessary to improve the incentive effect of the transfer payment system on common power and the division of expenditure responsibilities in the field of education.

关 键 词：fiscal transfer local fiscal revenue educational performance 

分 类 号：F81[经济管理—财政学] G52[文化科学—教育学]