摘要
文章以我国省级地区为研究对象,利用面板回归模型,采用FGLS及两阶段系统GMM法,详细研究了财政透明度对财政资金配置效率的影响。基于财政支出效率的考察显示,财政透明度并没有改善财政资金配置效率;基于财政支出结构的考察结果则显示,财政透明度有利于人均社会保障与就业支出,但对其他民生类支出的影响并不显著。基于理论与实践的双重考察,本文认为,目前我国财政透明度对财政资金配置并没有产生实质性影响。因此,未来应进一步提升财政透明度,深入贯彻和落实新《预算法》,提高财政资金配置效率。
Based on the provincial governments (municipalities and autonomous regions) in China, this paper establishes a panel regression models and employs FGLS and two-stage system GMM method to analyze the effect of fiscal transparency on financial capital allocation efficiency in detail. Based on the study of the efficiency of fiscal expenditures, fiscal transparency does not improve financial capital allocation efficiency; based on the study of the structure of fiscal expenditures, fiscal transparency is beneficial to the spending on social security and employment per capita, but does not have a significant impact on other livelihood expenditures. Based on theoretical and practical study, this paper argues that at present fiscal transparency does not have a substantial effect on financial capital allocation. Therefore, in future China should further enhance financial transparency and thoroughly implement the new "Budget Law" in order to improve the allocation efficiency of financial capital.
出处
《财经研究》
CSSCI
北大核心
2016年第2期40-49,共10页
Journal of Finance and Economics
基金
国家自然科学基金面上项目(71373150)
教育部人文社会科学研究规划基金项目(13YJA790089)
江苏省高校品牌专业建设工程资助项目
关键词
财政透明度
财政资金配置
财政支出结构
financial transparency
financial capital allocation
the structure of fiscal expenditures