The Empirical Study of Relationship between Fiscal Decentralization and Economic Growth in China
- 经济学院－会议论文 
Since the 1994 tax reform in China, great changes have taken place in the intergovernmental fiscal relation: purse strings gradually moving up and the governance in turning down caused the problem of county and township government financial difficulties in our country. In this paper, based on the theory of fiscal decentralization, we make use of 30 provinces of China's economic growth as the research object. Through econometric model empirical test, we get the overall level of fiscal decentralization and economic growth in China. It is concluded that when the degree of fiscal decentralization reaches a certain value, the higher the degree of fiscal decentralization, the more increasing economic growth, and put forward policy suggestions to perfect the budget management system.