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Does Fiscal Decentralization Promote Economic Growth in China A Meta-Regression Analysis.doc

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Does Fiscal Decentralization Promote Economic Growth in China A Meta-Regression Analysis.doc

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Does Fiscal Decentralization Promote Economic Growth in China A Meta-Regression Analysis.doc

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文档介绍:《公共经济研究》2013,
Does Fiscal Decentralization Promote Economic
Growth in China: A Meta-Regression Analysis
XIE Zhenfa1, ZHANG Wei2
Department of public economics, Xiamen University, Xiamen, China
1. ******@.,2. xmuvihee@
Abstract: The second generation theory of fiscal decentralization provides a more
reasonable theoretical explanation for the proposition that "fiscal decentralization
promotes economic growth in China", although it is facing more and more criticism.
In recent years, there are more and more empirical researches for the proposition
while about half the results support it, but no consistent conclusion has been drawn. In
order to test whether these empirical findings is affected by the characteristics of
specific studies, this article has selected 27 empirical studies with high quality for
meta-analysis. The empirical results show that the impact of fiscal decentralization on
economic growth of China are influenced by different study characteristics, especially
the impact that “fiscal decentralization promotes economic growth in China” is
significantly influenced by “region, K/L, revolve, budgetary”. However, the impact
that “fiscal decentralization hampers economic growth in China” is only influenced by
“Yreal”. Through the funnel plot asymmetry tests of all indicators of fiscal
decentralization, indicators of fiscal revenue decentralization and indicators of fiscal
expenditure decentralization, we have found that there is a problem about the
existence of publication bias in the sample studies, which mainly happened to fiscal
expenditure decentralization other than fiscal revenue decentralization. Therefore, we
should be cautious about the results of present empirical researches.
Key words: Fiscal Decentralization; Economic Growth; Meta-regression Analysis
中国财政分权是否促进了经济增长?
——一个荟萃回归分析
1

2
,厦门,中国,361005
1. ******@.,2. xmuvihee@
【摘要】第二代财政分权理论为“中国财政分权促进了经济增长”的命题提供了一
个较为合理的理论解释,虽然其也面临着越来越多的批判。近年来,针对这一命