Can Adjusting the Structure of Fiscal Expenditure Promote Inclusive Green Growth?—Theoretical and Empirical Analysis Based on Innovation Paths
Inclusive green growth is an important way and specific form to promote high-quality development and achieve common prosperity in the process of Chinese path to modernization.The author has defined the research perspective of fiscal expenditure structure based on functional classification.And a theoretical analysis was conducted on the impact of fiscal expenditure structure on inclusive green growth,as well as the impact of innovative paths on inclusive green growth,and corresponding research hypotheses were proposed.Finally,a two-way fixed effects model and a mediation effects model were used for regression analysis.The research results indicate that adjusting the fiscal expenditure structure can promote inclusive green growth,and the heterogeneity of fiscal expenditure structure functional expenditure will have a differentiated impact on inclusive green growth through innovative paths.Among them,economic expenditures will inhibit innovation and hinder inclusive green growth,while social and ecological expenditures will promote innovation and promote inclusive green growth.The empirical results of maintenance expenditures are not robust.The article proposes policy recommendations in three aspects:optimizing the structure of fiscal expenditure,emphasizing ecological expenditure,and encouraging financial investment in innovation.
fiscal expenditure structureinclusive green growthChinese path to modernizationinnovationimpact path
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