财政分权与经济增长

对H.Davoodi,D.Xie,and H.Zou的两篇文章中的内生增长模型进行了改进;把地方财政决算支出占国家决算支出的比重看作衡量财政分权的指标,并利用1986-2004年间的数据对财政分权对我国经济增长的作用进行了两组回归分析。发现在1986-1990年间我国的财政分权的比重过高阻碍了我国的经济增长;在1991-2004年间我国的财政分权程度与我国的最大化经济增长相符。最后,对得出的统计结论进行了充分的解释。

Fiscal Decentralization and Economic Growth

This essay improves the endogenous growth models in H.Davoodi,D.Xie,and H.Zou(1998)and(1999).Moreover,it uses the weigh of the local fiscal allocations in consolidated spending as an index of fiscal decentralization,and analyzes the annual data from 1986 through 2004 to examine the link between fiscal decentralization and economic growth.As a result,we find that the spending shares for local government in 1986-1990 impede the economic growth in China,while the shares in 1991-2004 are consistent with maximizing economic growth.Finally,it explains why this phenomenon would happen.