School of Business, Nanjing Normal University, Nanjing, 210023, China.
School of Finance, Nanjing University of Finance and Economics, Nanjing, 210023, China.
Environ Sci Pollut Res Int. 2020 Apr;27(12):14070-14084. doi: 10.1007/s11356-020-07953-8. Epub 2020 Feb 10.
China's fiscal decentralization has the dual characteristics of revenue decentralization and expenditure decentralization, and their impacts on green total factor productivity are also different. By calculating the Malmquist-Luenburger index and using the Spatial Durbin Model, this study examines the effects of dual decentralization on green total factor productivity (GTFP) from the perspective of fiscal competition. It was found that revenue decentralization significantly hindered the improvement of a local area's GTFP, and that the impact of fiscal revenue competition on a local area's GTFP is also significantly negative. The expenditure decentralization and the fiscal expenditure competition among different areas are conducive to improving the local area's GTFP. Moreover, the impact of revenue decentralization on efficiency improvement is significantly negative, while the expenditure decentralization is conducive to technical progress. All these findings may provide enlightenment for optimizing China's fiscal decentralization and promoting high-quality economic development.
中国财政分权具有收入分权和支出分权的双重特征，对绿色全要素生产率的影响也不同。本文通过计算 Malmquist-Luenburger 指数，并利用空间杜宾模型，从财政竞争的角度考察了双重分权对绿色全要素生产率（GTFP）的影响。结果表明，收入分权显著阻碍了当地 GTFP 的提高，财政收入竞争对当地 GTFP 的影响也显著为负。支出分权和不同地区之间的财政支出竞争有利于提高当地的 GTFP。此外，收入分权对效率提高的影响显著为负，而支出分权则有利于技术进步。这些发现可能为优化中国财政分权和促进经济高质量发展提供启示。
