An Empirical Study on Vertical Fiscal Imbalance between Central and Local Government: 19782003
- 经济学院－已发表论文 
本文对纵向财政不平衡的传统理论与新近发展进行了回顾,根据纵向财政不平衡的传统定义,对1978-2003年我国中央与地方纵向财政进行了实证分析,我们发现1978-1984年纵向财政处于正向不平衡状态,1985-1993年纵向财政基本平衡,1994-2003年纵向财政处于反向不平衡状态。分税制后中央本级财政收支正缺口呈扩大趋势,而地方负的财政缺口也呈扩大趋势,而且中央财政的正缺口并不足以弥补地方财政的负缺口,在地方举债受到严格限制的条件下,为弥补缺口,地方政府扩大预算外收入是其唯一途径。In this paper, we discuss the traditional concept of vertical fiscal imbalance and its new development of the theory. This paper presents a framework to analyze the VFI in China based on traditional concept from 1978 and 2003. We find that the central and local government vertical fiscal relations were imbalance between 1978 and 1984, balanced between 1985 and 1993 and imbalanced between 1994 and 2003. Both the positive central fiscal gap and negative local fiscal gap were widening after the reform of taxsharing system, and the positive central fiscal gap cannot offset the negative local fiscal gap. To make up for the fiscal gap, the local government has to search for offbudget funds under the strict limitation.