Research on Strategic Interaction Pattern of Local Government Expenditure from the Perspective of Spatial Externality
利用面板数据空间计量方法,分析分税制改革后中国地方政府在基础设施、科教文卫等支出上的战略互补与替代模式,并探讨财政分权对竞争格局的影响。
This paper analyses the strategic interaction pattern of Chinese local government expenditure since Revenue-Sharing Reform by Spatial Econometrics of Panel Data.The empirical results indicate that there are obvious spatial autocorrelation and strategic complementary among expenditures on infrastructure,culture,education,technology and health,and extra-budgetary.While expenditure pattern on administration is strategic substitution due to different local revenue situations,which is driven by spillover effect,fiscal competition mechanism and yardstick effect in turn.The fiscal decentralization of revenue and expenditure affect strategic pattern of local expenditure inconsistently.Expansion of expenditure decentralization will increase local government competition,especially infrastructure competition.It is important that local governments have revenue autonomy,and central government takes back provision duty of public goods which have strong regional externalities.Local informal revenue and expenditure autonomy should be reduced so as to create coordinated inter-regional competition relationship from institutional perspective.