Centralized Fiscal Reform and County Fiscal Self-Sufficiency——Evidence from the"County-Managing-Township-Finance"Reform
County fiscal plays an important role in promoting rural revitalization and modernizing the national governance system and capabilities.Centralized reform is an important direction to improve fiscal self-sufficiency.This paper employs the"County-Managing-Township-Finance"reform,a centralized reform,as a quasi-natural experiment and uses a difference-differences(DID)model to evaluate the impact of centralized fiscal reform on county's fiscal self-sufficiency.The results show that:(1)The reform limits the improvement of county's fiscal self-sufficiency.(2)The supporting measure in the reform supplements the county's disposable financial resources,but both the reform of management authority and supporting measure limit the improvement of fiscal self-sufficiency.(3)The impact of the reform is more obvious in economically underdeveloped areas and areas with weak fiscal supervision.Our study provides a reference to further optimize the"County-Managing-Township-Finance"system and improve centralized reform.
NETL
NSTL
万方数据
