摘要
本文利用中国取消农业税改革作为准自然实验,探讨区县级政府财政压力对政府决策和微观企业资源配置的影响,进而分析由此带来的宏观经济绩效影响效应。研究发现:地方政府行为受到财政压力的影响,农业税改革带来的财政压力使企业资本要素投入的边际收益和边际成本的缺口上升5.72%,企业资本要素投入不足情况加剧,而对劳动要素投入的影响并不显著;进一步的机制分析表明,财政压力对企业资本要素投入的扭曲效应更多源于税收征管提高、环境规制放松、交易费用增加和企业规模分布变异,这一干扰效应最终导致经济总量生产率平均下降约19.32%。
This paper uses China’s reform of cancelling agricultural tax as a quasi-natural experiment to explore the impact of fiscal pressure on China’s district and county governments’ decision-making and micro-enterprise resource allocation,and then analyzes the resulting macroeconomic performance impact.The study finds that local government behavior is affected by fiscal pressure.The fiscal pressure brought by agricultural tax reform has made the gap between marginal income and marginal cost of corporate capital investment rise by 5.72%,and the shortage of capital investment has intensified.However,the impact on labor input is not significant;further institutional analysis shows that fiscal pressure on corporate capital investment distortion is more due to the variation of enterprise size distribution,tax collection and management,environmental regulation relaxation and transaction cost increase.This interference effect eventually makes the economic productivity decrease by about 19.32% on average.
作者
黄寿峰
邓宇铭
Huang Shoufeng;Deng Yuming
出处
《财政研究》
CSSCI
北大核心
2020年第3期85-100,共16页
Public Finance Research
基金
国家自然科学基金“人民币汇率变动对我国物价水平的微观传递和宏观影响研究”(国家自然科学基金)
教育部哲学社会科学研究重大课题攻关项目(教育部基金)
厦门大学中央高校基本科研业务费专项资金“中国人口年龄结构与环境污染”(20720171026)(厦门大学校长基金)
厦门大学经济学院财政系研究生科研创新项目“政府有形的手与企业资源配置效率”。
关键词
财政压力
要素资源配置
经济绩效
Fiscal Pressure
Resource Allocation
Economic Performance
