Research On Green Economic Efficiency Of Yangtze River Economic Belt Uder The Fiscal Decentralization

In recent years,economy has changed a lot,present a new normal that advocating the green economy development,the index of efficiency of green economy is to evaluate the economic efficiency of a country or region based on the consideration of resource input and environmental cost.The higher the efficiency of green economy,the higher the level of green development.The outline of the Yangtze River economic belt development plan emphasizes that it is necessary attach importance to ecology,and adhere to the first place of ecology,promote the green development of the region,and build the Yangtze River economic belt into an "ecological civilization first demonstration belt".Therefore,to measure the index of ecological economic efficiency of the Yangtze River economic belt scientifically,and evolution law in time and space,will have great theoretical and practical value.Local government plays an important role in the development of green economy.The report of the 19 th National Congress of the CPC also pointed out that fiscal decentralization can help China's economy shift from high-speed development to high-quality development.In 1994,China carried out the reform of tax sharing system,and the central and local governments committed to providing public service resources.From the specific financial practice,the central government's revenue accounts for about 45%-50% of the national revenue in the past decade,which ensures the macro-control ability.corresponding responsibility is increasing.The financial functional departments regard the the ecological environment and green development as the important of environmental protection,although areas of financial expenditure.From the data the absolute scale continues to increase,its proportion is obviously insufficient.In 2019,the proportion of financial environmental protection expenditure is 7444 billions,but the proportion of the national GDP is only 0.75%,which is far from the experience value of developed countries In terms of expenditure in 2019,the local fiscal expenditure was 203743.22 billion,while the revenue was 101080.61 billion,it can be seen that the local government is under a lot of pressure,in the meantime, and has not reached the goal of reducing The level of expenditure to slow down or improve environmental pollution.Based on this,this paper sum up the related literature,theory and situation.By establishing three input indicators of capital,labor and energy consumption,and two output indicators of GDP and environmental pollution,uses SBM-Malmquist-Luenberger to evaluate the development of green economic in 11 provinces of the Yangtze River economic belt,explores the mechanism of fiscal decentralization and environmental protection expenditure on green economic efficiency,and collects the provincial panel data of the Yangtze River economic belt from 2007 to 2018,this paper makes an empirical analysis,and finally puts forward some suggestions according to the empirical results.This paper is divided into five chapters.the first chapter introduces the background and significance of the research,and the structure.In the second chapter,this paper analyzes the theory and index of fiscal decentralization and green economic efficiency,and sorts the domestic and foreign research.Then,in combination with the theory of fiscal decentralization,the fiscal decentralization is analyzed theoretically from three aspects: information advantage,official promotion assessment and financial pressure.The third chapter analyzes the current situation of fiscal decentralization and spending on environment after 1994.At the same time,in the fourth chapter,based on the panel data of the Yangtze River economic belt from 2007 to 2018,the paper uses the(SBM)and Malmquist-luenberger model and the random effect to study the direct effect that how does the environmental expenditure affect the efficiency of ecological economy under the fiscal decentralization,and introduces the regulatory variable of environmental protection expenditure.The fifth chapter puts forward feasible suggestions based on the empirical results of the fourth chapter.The conclusions of this paper are as follows: first,use the SBM and Malmquist luenberger model,the efficiency present a downward trend of the Yangtze River economic belt.Only in a few years,the green economic efficiency is greater than 1,and the technical efficiency and ml index show the same changes.The green technological progress values of all provinces and cities are greater than 1(except Guizhou),indicating that technological progress can greatly promote the green economic efficiency.Efficiency of green economy is rising,and technical efficiency caused the decline.In addition,from a static point of view,the efficiency of green economy of 11 provinces and cities shows greater regional heterogeneity.Shanghai,as a developed city in China,has made great progress in the coordination of environmental governance and economic growth,while the upper and middle reaches of China are in the middle of China's economy in economically underdeveloped areas,due to lack of the awareness of environmental protection and the resources utilization,so there is still need to improve.Second,fiscal decentralization has a negative impact on green economic efficiency and its decomposition term,the environmental expenditure has also a negative impact,while a positive impact on technological progress.Then,add four control variables,the symbols of fiscal decentralization and environmental expenditure have not changed;the level of regional and opening economic development are conducive to improve the efficiency of green economy,while the urbanization and industrial structure have the opposite effect.The higher the urbanization rate is,the higher the proportion of the secondary industry is,the more unfavorable to the improvement of efficiency of green economy.In addition,the cross term is introduced into the model,and the regression result is opposite to the single regression,which shows that the decentralization of financial power in China can increase environmental expenditure,so as to enhance the efficiency of regional green economy.Thirdly,according to the empirical conclusions,the paper puts forward some suggestions: promoting the reform of local financial system;optimizing the local government's financial investment mechanism for environmental protection;expanding the channels of attracting foreign investment and optimizing the distribution of foreign capital;promoting the rational layout of industrial structure,etc.