本文關(guān)鍵詞： 金融分權(quán) 民間投資 地方財(cái)政支出 空間溢出效應(yīng)　出處：《山西財(cái)經(jīng)大學(xué)學(xué)報(bào)》2017年01期 　論文類(lèi)型：期刊論文

【摘要】：通過(guò)引入公共選擇學(xué)派的競(jìng)賽成功函數(shù),構(gòu)建金融分權(quán)的理論框架,發(fā)現(xiàn)地方政府爭(zhēng)奪金融分權(quán)增加了本地和周邊可比地區(qū)的民間投資水平,并引發(fā)地方政府財(cái)政支出的競(jìng)爭(zhēng)效應(yīng)。在理論分析的基礎(chǔ)上,構(gòu)建SDM模型進(jìn)行實(shí)證檢驗(yàn)。結(jié)果發(fā)現(xiàn):地方金融分權(quán)水平越高,本地民間投資越高,并對(duì)周邊相鄰及經(jīng)濟(jì)發(fā)展水平相似地區(qū)的民間投資具有顯著正向空間溢出效應(yīng);地方爭(zhēng)奪金融分權(quán)顯著提高了地方財(cái)政支出,對(duì)本地民間投資產(chǎn)生了擠入效應(yīng),但對(duì)周邊相鄰及經(jīng)濟(jì)發(fā)展水平相似地區(qū)的民間投資產(chǎn)生了擠出效應(yīng)。
[Abstract]:By introducing the competitive success function of public choice school to construct the theoretical framework of financial decentralization, it is found that local governments' competition for financial decentralization increases the level of private investment in local and adjacent comparable areas. On the basis of theoretical analysis, we construct SDM model to make empirical test. The results show that the higher the level of local financial decentralization, the higher the local private investment. It also has a significant positive spatial spillover effect on the neighboring areas and the areas with similar economic development level. Local competition for financial decentralization has significantly increased the local financial expenditure, which has a crowding effect on local private investment, but it has a crowding out effect on the neighboring areas and areas with similar economic development level.
【作者單位】： 南京大學(xué)經(jīng)濟(jì)學(xué)院;
【基金】：國(guó)家自然科學(xué)基金項(xiàng)目(71271108)
【分類(lèi)號(hào)】：F832.5;F124

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