财政纵向失衡对地方政府治理能力的影响:理论分析与实证检验  

The Impact of Vertical Fiscal Imbalance on Local Government Governance Capacity:Theoretical Analysis and Empirical Test

作　　者：李真[1] 苏春红[1] Li Zhen;Su Chunhong

机构地区：[1]山东大学经济学院

出　　处：《财政研究》2023年第5期71-83,共13页Public Finance Research

基　　金：国家社会科学基金项目“保障适度与可持续的多层次养老保险体系改革研究”(21BJY100);山东大学人文社科重大项目“积极应对老龄化战略的机制创新与对策研究”(21RWZD10)。

摘　　要：本文运用熵值法对我国地方政府治理能力进行测算评价,并采用双向固定效应模型实证分析财政纵向失衡如何影响地方政府治理能力。研究发现:我国地方政府治理能力呈逐年递增态势,但仍处于相对较低水平,且存在明显区域差异。财政纵向失衡与地方政府治理能力之间呈现倒“U”型关系,随着财政纵向失衡由适度水平上升至过度水平,其对政府治理能力的影响由促进转为抑制,该结果在一系列稳健性检验中仍然成立。异质性分析表明,这种倒“U”型关系在财政汲取能力和财政配置能力较高的地区更加显著。In this paper,entropy method is used to measure and evaluate the local government governance capacity from 2004 to 2021,and two-way fixed effect model is used to empirically analyze how the vertical fiscal imbalance affects government governance capacity.The results show that the governance capacity of local governments in China is increasing year by year,but it is still at a relatively low level,and there are obvious regional differences.There is an inverted U-shaped relationship between the vertical fiscal imbalance and government governance capacity.As vertical fiscal imbalance increases from moderate level to excessive level,its influence on government governance capacity turns from promoting to inhibiting,and this result is still valid in a series of robustness tests.Heterogeneity analysis indicates that this inverted U-shaped relationship is more significant in regions with higher fiscal absorbing capacity and fiscal allocation capacity.

关 键 词：财政纵向失衡 政府治理能力 非线性关系 

分 类 号：F812.2[经济管理—财政学]