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The Spatial Spillover Effects of Local Government Fiscal Expenditure on Industrial Ecologization

【Authors】
YANG Deqian, LIU Renji
【WorkUnit】
Jiangxi University of Finance and Economics, 330013.
【Abstract】

This paper is based on the provincial panel data from 2011 to 2015, examines the spatial spillover effects of fiscal expenditure, in terms of the aggregate amount and structure, on industrial ecologization, and finds that there is a significant spatial autocorrelation between local fiscal expenditure and industrial ecologization level. The empirical results of the spatial Durbin model (SDM) show that: (1) On the whole, per capita fiscal expenditure has a significant negative spatial spillover effect; but within the region, there is a significant positive spatial spillover effect; (2) Energy saving and environmental protection expenditure, general public service expenditure and government investment expenditure all show significant negative spatial spillover effects, while the positive spillover effect of the expenditure on science and technology is not significant; within the region, the spatial spillover effect of structural expenditures vary in direction and extent. Due to local fiscal expenditure structure and regional differences, neighboring provinces' fiscal expenditures have spatial spillover effects on their respective industrial ecologization levels in different directions and degrees. Therefore, this paper puts forward corresponding policy recommendations from three aspects: building a regional horizontal financial cooperation system, building a quality oriented performance evaluation system, and focusing on the region's factor endowment.

JEL:E62, L52

【KeyWords】
Structure of Fiscal Expenditure, Spatial Spillover Effect, Industrial Ecologization