文献类型：期刊文献

英文题名：Transfer Payments and Regional Total Factor Productivity: Evidence From China

作者：Cao, Zhiwei[1];Wu, Baijun[2];Liu, Sha[1]

机构：[1]Xian Shiyou Univ, Sch Econ & Management, Xian 710065, Peoples R China;[2]East China Univ Sci & Technol, Sch Business, Shanghai 200237, Peoples R China

年份：2024

卷号：2024

期号：1

外文期刊名：COMPLEXITY

收录：;EI(收录号：20251918392841);WOS:【SCI-EXPANDED(收录号:WOS:001371780300001)】；

基金：The fund projects are as follows: Shanxi Social Science Fund Project "Mechanism, Effect and Policy Research on Tax Collection and Administration to Promote Tax Sustainable Growth in Shaanxi under Digital Economy" (Project number: 2024D035); The Shanxi University Youth Innovation Team Construction project "Resource and Environment Audit Innovation Team for Carbon Peak Carbon Neutrality" (Project number: 2022068).

语种：英文

外文关键词：intergovernmental fiscal coordination; regional total factor productivity; transfer payments

摘要：Through theoretical analysis and empirical test, the following conclusions are drawn: Firstly, the benchmark test proves that transfer payments (TPs) significantly promote regional TFP. Secondly, the conclusions of this paper are still valid after using the system GMM model and instrumental variable method to deal with the endogeneity problem. Thirdly, heterogeneity analysis shows that TPs have a greater impact on TFP in the central and western regions, and general TPs and special TPs significantly promote regional TFP. Fourthly, mechanism analysis shows that TPs promote regional TFP through two channels: narrowing the financial gap between local governments and reducing the vertical fiscal imbalance between central and local governments. Because the balanced distribution of financial resources means the effective supply of public goods, all regions have the conditions to optimize the allocation of resources and improve the efficiency of resource use. Based on this, it is still necessary to implement the TPs system. Also, there is a need to optimize the TP rules.