Study on the Impact of China's Provincial Fiscal Self-Sufficiency Rate on New Quality Productivity
Based on the panel data of 29 provinces in China from 2014 to 2022,the article uses a double fixed effect model to test the relationship between the financial self-sufficiency rate of local governments and the level of new quality productivity in various places.The study has found that with the increase of the financial self-sufficiency rate of local governments,the level of new quality productivity in the region will also increase.Through the test of heterogeneity,it is found that the financial self-sufficiency rate of the central and western regions has a significant effect on the level of new quality productivity,and the western region is more obvious.Although the coefficient in the eastern region is not significant,it is still positive.Overall,the fiscal self-sufficiency rate in the western part of China has the most significant impact on the new quality productivity,followed by the central region and the least significant impact on the eastern region.Through the analysis of the intermediary effect,it is found that the fiscal self-sufficiency rate of the region affects the level of new quality productivity by affecting total factor productivity.Therefore,it can also increase the new quality productivity by improving the efficiency of traditional industries,so as to promote the high-quality development of the region.
new quality productivityfiscal self-sufficiency ratetotal factor productivity
万方数据
维普
