英文摘要 | At present, China's economy has shifted from high-speed growth to a high-quality development stage, and it is crucial to play the decisive role of an effective market and the guiding role of a competent government, and to deal with the relationship between the government and the market in order to adapt to the new needs of economic development. Fiscal decentralization is conducive to better resource allocation by local governments with information advantages, making up for market failures by optimizing industrial structure, supplying public services and improving the business environment, and realizing benign interaction with the market, which is of far-reaching significance for giving full play to the incentive effect of institutional advantages on the quality of economic development, maintaining sustained and healthy development of the economy, and accelerating the process of promoting high-quality development of the economy.
This paper combines the guiding ideology and contemporary connotation of high-quality economic development, constructs a comprehensive index system of economic development quality from the aspects of economic development structure, economic development efficiency, economic development stability, economic fruit sharing and ecological environment resources, utilizes entropy value method to measure the level of quality of regional economic development and trend
research, and on the basis of which, utilizes the inter-provincial panel data of 2010-2021 to construct a panel model. panel model, empirically test the specific impact effect of fiscal decentralization on the quality of regional economic development through stepwise regression test, Bootstrap test, moderating effect test, threshold effect test and other econometric analysis methods. The research results show that:
(1) China's regional economic development quality level as a whole shows a steady growth trend, but there are obvious regional imbalances, the quality of economic development in the eastern region is significantly better than the central and western regions, but the average annual growth rate of the central and western regions are higher than that of the eastern region, which gradually reveals the catching-up effect and latecomer's advantage. (2) Fiscal decentralization has actively promoted the quality of regional economic development as a whole, and there is a "U" non-linear impact of inhibition followed by promotion, and the quality of regional economic development has shown obvious cumulative effects. Fiscal decentralization enhances the quality of regional economic development by optimizing industrial structure and improving the business environment, and adversely affects the quality of regional economic development through local government preferences. (3) There is obvious regional heterogeneity in the effect of fiscal decentralization on the quality of regional economic development. Fiscal decentralization can significantly improve the quality of economic development in the eastern and central regions, and has a non-significant negative effect on the quality of economic development in the western region. There is a significant U-shaped relationship between fiscal decentralization and the quality of economic development in the eastern and western regions, while the non-linear relationship between fiscal decentralization and the quality of economic development in the central region is not obvious. (4) The interaction between fiscal decentralization and the degree of marketization can more effectively promote the development of regional economy to high quality. The promotion effect of fiscal decentralization on the quality of economic development has the threshold effect of marketization, which gradually increases with the increase of the degree of marketization, showing the non-linear characteristic of increasing marginal effect. To this end, the following countermeasures are proposed: implement differentiated fiscal policies to promote coordinated inter-regional development in light of local realities; give full play to the information advantage and coordination function of local governments to improve the employment and entrepreneurial environment for talents and help integrate the development of industry-university-research institutes; study the needs of the jurisdictions and the feasibility of the projects by means of data analysis, and supervise the implementation of the policies and the whole process of the use of the funds to ensure the efficiency and
fairness of the government's budgetary allocation efficiency and fairness; guide public participation, establish an effective feedback mechanism, and broaden the funding channels for public service provision; promote the transformation of the government from a management-oriented to a service-oriented one, improve the market-based allocation of factors, and optimize the business environment, etc.
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