财政分权对政府支出乘数的影响:促进还是抑制

发布时间：2018-05-14 17:36

本文选题：财政分权 + 政府支出乘数　；参考：《现代财经(天津财经大学学报)》2017年09期

【摘要】：本文运用1994-2015年省级面板数据从时间及区域差异性两个层面出发,基于平滑转移面板向量自回归(PSTVAR)模型考察了财政分权对政府支出乘数的影响,实证结果表明,1994-2007年期间东、中、西部地区财政分权对短期及长期政府支出乘数均为显著的促进作用;2008-2015年期间,财政分权对东部地区短期、长期政府支出乘数及西部地区长期政府支出乘数均表现为抑制作用,虽然对中部地区短期、长期政府支出乘数及西部地区长期政府支出乘数仍然为促进作用,但是相比1994-2007年期间,2008-2015年期间的促进效果变弱。
[Abstract]:Based on the time and regional differences of provincial panel data from 1994 to 2015, this paper investigates the influence of fiscal decentralization on government expenditure multiplier based on smooth transfer panel vector autoregressive model. The empirical results show that East and Middle from 1994 to 2007. Fiscal decentralization plays a significant role in promoting both short-term and long-term government expenditure multipliers in the western region. Fiscal decentralization has an inhibitory effect on short-term, long-term government expenditure multipliers and long-term government expenditure multipliers in eastern China during 2008-2015. Although the short-term, long-term government expenditure multiplier and the long-term government expenditure multiplier still play a role in promoting the central region, the promotion effect is weaker than that in 1994-2007 period and 2008-2015 period.
【作者单位】：西南财经大学统计学院;西南财经大学财税学院;
【基金】：中央高校基本科研业务专项资金项目(JBK1507099)
【分类号】：F812.2;F812.45

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