摘要
财政分权是当今世界的重要特征,与此同时,世界各国贸易开放程度不断提高,经济联系日益紧密。理论上财政支出分权可能通过刺激地方政府改进基础设施促进国家整体对外贸易;财政收入分权则可能通过造成国内市场分割、税收竞争、增加地方政府承担外部风险比重及经济自主性等促进或抑制国际贸易。基于1995—2015年中国与"一带一路"沿线39个国家双边贸易非平衡面板数据,笔者利用贸易引力模型的实证研究结果发现,无论使用普通OLS模型或是PPML、IV模型,财政分权对于两国国际贸易均有显著促进作用,并且财政支出分权对两国贸易的影响大于财政收入分权。本文为财政分权和国际贸易关系的研究提供了新的证据。
Fiscal decentralization is one of the important features in the world, and the degree of trade liberalization is getting higher as countries＇ economic relationship got closer. Theoretically, fiscal expenditure decentralization may promote the country＇s international trade by increasing local government＇s investment in infrastructure; while the fiscal revenue decentralization may promote or reduce international trade by domestic market segmentation, tax competition, and the increase of external risk taken by local government and eco- nomic autonomy, etc. A model based on the unbalanced data of bilateral trade between China and 39 ＂One Belt One Road＂ countries from 1995--2015 under the frame of gravity model found that, no matter using OLS model or PPML/IV model, fiscal decentralization for the two countries play significant role in promoting international trade. What＇s more, the effect of fiscal expenditure decentralization on the trade of the two countries is greater than that of fiscal revenue decentralization. This paper provided a new evidence about the relationship between fiscal decentralization and international trade for researches in this field.
作者
杨武
李升
马光明
YANG Wu;LI Sheng;MA Guang-ming
出处
《中央财经大学学报》
CSSCI
北大核心
2018年第4期3-18,共16页
Journal of Central University of Finance & Economics
基金
国家社科基金一般项目"中国税收不确定性的决定因素及其宏观影响"(项目编号:17BGL054)
关键词
财政分权
国际贸易
引力模型
Fiscal decentralization International trade Gravity model
