Fiscal Decentralization and Regional Financial Efficiency: An Empirical Analysis of Spatial Durbin Model
Based on panel data covering the period from 2003 to 2012 in China’s 281 prefecture-level cities, we use superefficiency SBM model to measure regional financial efficiency and empirically test the spatial effects of fiscal decentralization on regional financial efficiency with SDM. The estimated res...
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| Format: | Article |
| Language: | English |
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Wiley
2016-01-01
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| Series: | Discrete Dynamics in Nature and Society |
| Online Access: | http://dx.doi.org/10.1155/2016/6597138 |
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| _version_ | 1832551940884529152 |
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| author | Jianmin Liu Xiaomei Hu Hongli Tang |
| author_facet | Jianmin Liu Xiaomei Hu Hongli Tang |
| author_sort | Jianmin Liu |
| collection | DOAJ |
| description | Based on panel data covering the period from 2003 to 2012 in China’s 281 prefecture-level cities, we use superefficiency SBM model to measure regional financial efficiency and empirically test the spatial effects of fiscal decentralization on regional financial efficiency with SDM. The estimated results indicate that there exist significant spatial spillover effects among regional financial efficiency with the features of time inertia and spatial dependence. The positive promoting effect of fiscal decentralization on financial efficiency in local region depends on the symmetry between fiscal expenditure decentralization and revenue decentralization. Additionally, there exists inconsistency in the spatial effects of fiscal expenditure decentralization and revenue decentralization on financial efficiency in neighboring regions. The negative effect of fiscal revenue decentralization on financial efficiency in neighboring regions is more significant than that of fiscal expenditure decentralization. |
| format | Article |
| id | doaj-art-3cd6b009483c48599d5ad85993d889bc |
| institution | Kabale University |
| issn | 1026-0226 1607-887X |
| language | English |
| publishDate | 2016-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Discrete Dynamics in Nature and Society |
| spelling | doaj-art-3cd6b009483c48599d5ad85993d889bc2025-02-03T05:59:54ZengWileyDiscrete Dynamics in Nature and Society1026-02261607-887X2016-01-01201610.1155/2016/65971386597138Fiscal Decentralization and Regional Financial Efficiency: An Empirical Analysis of Spatial Durbin ModelJianmin Liu0Xiaomei Hu1Hongli Tang2College of Economics and Trade, Hunan University, Changsha, Hunan 410079, ChinaCollege of Economics and Trade, Hunan University, Changsha, Hunan 410079, ChinaCollege of Economics and Trade, Hunan University, Changsha, Hunan 410079, ChinaBased on panel data covering the period from 2003 to 2012 in China’s 281 prefecture-level cities, we use superefficiency SBM model to measure regional financial efficiency and empirically test the spatial effects of fiscal decentralization on regional financial efficiency with SDM. The estimated results indicate that there exist significant spatial spillover effects among regional financial efficiency with the features of time inertia and spatial dependence. The positive promoting effect of fiscal decentralization on financial efficiency in local region depends on the symmetry between fiscal expenditure decentralization and revenue decentralization. Additionally, there exists inconsistency in the spatial effects of fiscal expenditure decentralization and revenue decentralization on financial efficiency in neighboring regions. The negative effect of fiscal revenue decentralization on financial efficiency in neighboring regions is more significant than that of fiscal expenditure decentralization.http://dx.doi.org/10.1155/2016/6597138 |
| spellingShingle | Jianmin Liu Xiaomei Hu Hongli Tang Fiscal Decentralization and Regional Financial Efficiency: An Empirical Analysis of Spatial Durbin Model Discrete Dynamics in Nature and Society |
| title | Fiscal Decentralization and Regional Financial Efficiency: An Empirical Analysis of Spatial Durbin Model |
| title_full | Fiscal Decentralization and Regional Financial Efficiency: An Empirical Analysis of Spatial Durbin Model |
| title_fullStr | Fiscal Decentralization and Regional Financial Efficiency: An Empirical Analysis of Spatial Durbin Model |
| title_full_unstemmed | Fiscal Decentralization and Regional Financial Efficiency: An Empirical Analysis of Spatial Durbin Model |
| title_short | Fiscal Decentralization and Regional Financial Efficiency: An Empirical Analysis of Spatial Durbin Model |
| title_sort | fiscal decentralization and regional financial efficiency an empirical analysis of spatial durbin model |
| url | http://dx.doi.org/10.1155/2016/6597138 |
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