The Empirical Study Of Factors Affecting Fiscal Transparency In China

With the central government goes on anti-corruption, more and more scholars have realized the importance of fiscal transparency(namely financial information public degree). But the present level of fiscal transparency in China is low, according to China's fiscal transparency at the provincial level data, fiscal transparency of China in 2013 with an average score of 36.05 points, that is to say that provincial government announced about one third of the financial information. Low fiscal transparency is not conducive to protecting the rights of taxpayers, at the same time it easily lead to corruption, damage to the image of the government, reduce the government's credibility.Therefore,study the influence factors of local government transparency has important practical significance to further enhance the fiscal transparency. At the same time, with the improvement of financial transparency, whether it will inhibit the efficiency of local government is worthy of studying as well.Therefore, this article will analyze the influence factors of fiscal transparency in China, and the influence of fiscal transparency on the local government efficiency.First of all, based on the analysis on the current situation of fiscal transparency in China, this article used Chinese provincial panel data from year 2007 to 2013, empirically analysis the influence factors of our country's fiscal transparency. The study found that,the significant factors affecting the fiscal transparency were urbanization level, the income gap between urban and rural areas, such as Internet penetration from nationwide, but the influence factors of the middle,west and east were not exactly the same. The article further studied the relative contribution of each variable on fiscal transparency through shapley value decomposition.Secondly, with the appraisal of the provincial government fiscal expenditure efficiency of our country, this article used the provincial statistical data from year 2007 to 2013,empirically research on the influence of three types of input and output efficiency of fiscal expenditure on fiscal transparency.The empirical results showed that the fiscal transparency and comprehensive efficiency of education funds input and output, comprehensive efficiency of medical funds input and output had a positively u-shaped relationship with fiscal transparency, and the influence of fiscaltransparency on the social security and employment input-output efficiency was not significant.Finally, based on the conclusion of empirical study, this paper puts forward the following Suggestions:(1) Local government should continue to develop economy, further control of the government's fiscal behavior, cultivation of the general public to local government supervision and consciousness, and through other channels to promote local government fiscal transparency;(2)Central government should increase financial investment in central and western regions such as education, health care in the field of the people's livelihood, promote overall efficiency, such as education and health care. Government should generally improve the fiscal transparency in China and make government fiscal efficiency across the fiscal transparency inflection point as soon as possible.