Abstract
In the process of further transferring to the county of the space of economic and social development, how to solve the financial predicament at the county level, stimulate the vitality of county development and improve the people’s livelihood security system at the county level through the adjustment of the financial system have become the core content of the financial system reform below the province level. Finance is a kind of distribution system of “controlling finance by government and administrating through finance” with the state regime system as the main body. It has great significance for the government to perform and transform its functions. Financial reform will inevitably become an important part of the overall reform. Based on the decentralized reform mode under the province, this paper investigates the economic performance of the reform of the County Administrated by Province and the transmission mechanism of the reform from the two aspects of economic growth speed and industrial structure adjustment.
Highlights
Based on the decentralized reform mode under the province, this paper investigates the economic performance of the reform of the County Administrated by Province and the transmission mechanism of the reform from the two aspects of economic growth speed and industrial structure adjustment
In order to investigate the impact of the County Administrated by Province reform in Sichuan Province on County Economic performance, we used the full sample data to construct four sets of models under different estimation methods, among which we determined which was better according to the Hausman test results on the selection of fixed-effect model and random-effect model
The study finds that the County Administrated by Province reform of Sichuan Province has made a positive contribution to the development of county economy
Summary
Based on the available county-level panel data of Sichuan Province, this paper intends to conduct an in-depth study of the economic performance of the fiscal system reform below the province from the perspective of decentralization. This study has both theoretical and practical significance. Based on the significance of the County Administrated by Province reform and the continuous and in-depth promotion of the financial system reform under provincial level, this chapter intends to further investigate the impact of the County Administrated by Province reform on county economic growth and industrial restructuring through empirical research. Ter gives the results of empirical test and analysis of the impact of reform based on Sichuan County panel data, and gives conclusions and suggestions
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