摘要
近年来,南疆四地州获得了大量的财政转移支付,既有助于弥补地方财政自给能力不足的缺陷,也有利于为当地经济发展提供充足的资金支持。但同时,这也提高了地方政府干预市场的能力,尤其是挤占了金融业的活动空间。本文在深入了解南疆四地州财政转移支付和经济金融发展的现状基础上,构建固定效应变截距模型实证探究了财政转移支付对金融发展的影响,结果表明南疆四地州财政转移支付的增加确实有碍于金融的发展,导致两者支持经济发展的作用被削弱。因而,为了能更好地促使财政转移支付与金融发挥合力,南疆四地州应在提高财政转移支付规范性的同时大力发展金融,努力做到协调分工,避免资金用途产生重叠。
In recent years,the four states of southern Xinjiang have obtained a large number of financial transfer payments,which not only help to make up for the shortcomings of local financial self-sufficiency,but also provide sufficient financial support for local economic development.However,it has also increased the ability of local governments to intervene in the market,especially in the financial industry.Based on the in-depth understanding of the current situation of financial transfer payment and economic and financial development in the four states of southern Xinjiang,this paper constructs a fixed-effect variable intercept model to empirically explore the impact of fiscal transfer payments on financial development,and the results show that in the four states of southern Xinjiang,fiscal transfer payments have indeed hindered the development of finance,and both of them in supporting economic development has been weakened.Therefore,in order to better promote the synergy between fiscal transfer payments and finance,the four states of southern Xinjiang should vigorously develop finance while improving the normative nature of fiscal transfer payments,and strive to achieve a coordinated division of labor to avoid overlapping of capital use.
作者
尚晓
张文凯
梅晓妮
Shang Xiao;Zhang Wenkai;Mei Xiaoni(Kashgar central sub branch of the people’s Bank of China)
出处
《金融发展评论》
2019年第12期71-83,共13页
Financial Development Review
关键词
财政金融
财政转移支付
金融抑制
Finance
Fiscal transfer payment
Financial repression
