不同财政收入规模下地方财政支出与固定资产投资关系研究——基于2000~2012年省际面板数据的实证分析

发布时间：2018-09-04 10:47

【摘要】：本文从经济增长理论出发,在考虑政府规模差异的情况下,采用门槛回归模型对地方政府支出与固定资产投资之间的关系进行了实证研究。结果表明,地方财政支出与全社会固定资产投资之间会因为地方财政收入规模的差异而呈现出统计显著的结构性变化,表现为,当财政收入规模较小时,地方财政支出与全社会固定资产投资正相关系数较小,而地方财政收入规模较大时,二者正相关系数较大,且随着地方财政收入规模的扩大,地方财政支出对全社会固定资产投资的正向影响越大。实证结果还表明,地区人口规模和地区国内生产总值与全社会固定资产投资显著正相关,且弹性系数大于1,与最终消费显著负相关,表现出明显的替代效应。
[Abstract]:Based on the theory of economic growth and considering the difference of government scale, this paper makes an empirical study on the relationship between local government expenditure and fixed asset investment by using threshold regression model. The results show that there are statistically significant structural changes between local fiscal expenditure and fixed asset investment of the whole society because of the difference in the scale of local fiscal revenue, which shows that, when the scale of fiscal revenue is small, The positive correlation coefficient between local fiscal expenditure and fixed asset investment of the whole society is small, but when the scale of local fiscal revenue is larger, the positive correlation coefficient between them is larger, and with the expansion of local fiscal revenue scale, The positive impact of local fiscal expenditure on the investment in fixed assets of the whole society is greater. The empirical results also show that the regional population size and regional GDP are significantly positively correlated with the fixed asset investment of the whole society, and the elastic coefficient is greater than 1, which is negatively correlated with the final consumption, showing a significant substitution effect.
【作者单位】：财政部财政科学研究所;
【分类号】：F812.45;F127

【共引文献】