中国地方公共支出的产出效率及其最优水平

On the Productivity and Optimality of Local Public Expenditure in China

通过对Barro Rule单一类型政府支出模型的推广,本文建立了多类型政府支出模型,并且利用中国省级面板数据研究了不同类型公共支出的效率及其最优水平。结果显示,最优总支出水平大致在20%左右,经济建设性支出、行政性支出和社会服务性支出的最优水平大约分别为5.8%、6.6%和7.6%。

For the increasingly expansion of fiscal expenditure, the efficiency and optimality of the public expenditure is becoming one focus concerned by economic researchers. Based on the extensive analysis of Barro Rule, this paper builds a multiple expenditure model. Then, we empirically research the efficiency and opti- mal level of China＇ s multiple expenditure by using the sub - national panel data. The result indicates that the optimal level of sub - national fiscal expenditure is around 20%, while the optimal level of economic development expenditure, administrative expenditure and expenditure for social service is about 5：8 %, 6.6% 7.6%.