关键词: 均衡性转移支付, 公共支出结构, 经济增长质量

Abstract:  Firstly, this paper theoretically interprets the multiple interaction mechanisms among equalization transfer payment, public expenditure structure and the quality of economic growth. Secondly, based on the “Five Development Ideas”, this paper constructs a comprehensive index system to measure the quality of economic growth. The results imply that although the overall quality of local economic growth in China is slowly rising, the absolute level is relatively low, and there is an obvious regional heterogeneity. Finally, this paper uses the dynamic panel simultaneous equation model and takes 3SLS method to carry out empirical research. The results show that the local government public expenditure structure is significantly positively related to the quality of economic growth, but the positive correlation between equalization transfer payment and the quality of economic growth is not significant. Moreover, the results of standardized regression showed that equalization transfer payment can indirectly promote the quality of local economic growth by optimizing the public expenditure structure.

Key words: equalization transfer payment, public expenditure structure, quality of economic growth