Research on Impact of Financial Transfer Payment on High Quality Economic Development of Xinjiang Region
This paper analyzes the impact of transfer payments on the high-quality economic development in Xinjiang from a theoretical perspective,and uses data from 14 regions and prefectures in Xinjiang from 2013 to 2022 for empirical testing.The results show that transfer payments can directly improve the level of high-quality economic development in Xinjiang;transfer payments have an indirect negative impact on the high-quality economic development in Xinjiang by adjusting the scale and structure of fiscal expenditures,however,the indirect effect is relatively weak.Based on heterogeneity analysis,it is found that general transfer payments have a positive impact on the high-quality economic development in Xinjiang,while special transfer payments have a negative impact;transfer payments have a significant positive effect on the high-quality economic development of northern and southern Xinjiang;the impact of transfer payments on the high-quality economic development in Xinjiang varies across different dimensions.Based on this,it is necessary to quickly introduce a method for fiscal transfer payments in the au-tonomous region,strengthen the budget performance evaluation of transfer payment funds,accelerate the construction of a di-versified local government assessment and evaluation system,based on Xinjiang's resource endowment,and fully play the role of transfer payments in promoting high-quality economic development in Xinjiang.
transfer paymenthigh quality economic developmentfiscal expenditure scalefiscal expenditure structureXinjiang