Smart City,Government Governance Capacity and Fiscal Expenditure Efficiency—Based on Multi-Period Difference-In-Difference Model and Intermediary Effect Analysis
Smart cities,With the digital and intelligent characteristics,bring new opportunities for financial governance and also help promote high-quality urban development.Based on the panel data of 265 prefecture-level cities in China from 2007 to 2021,the impact of smart city construction on the fiscal expenditure efficiency of pilot cities and its mechanism are explored by the multi-period Difference-In-Difference model and the intermediary effect analysis method.It is found that the construction of smart cities significantly improves the efficiency of financial expenditure in pilot cities,and this impact has obvious heterogeneity of urban region and city level.The mechanism test shows that the improvement of government governance ability plays an intermediary role.The construction of smart cities effectively improves the efficiency of fiscal expenditure by improving the degree of financial self-sufficiency,optimizing the scale of government and improving digital governance.
smart citygovernment governance capacityefficiency of fiscal expenditureDifference-In-Difference model
万方数据
