An Empirical Study Of Financial Revenue And Expenditure Decentralization Jingjinji Regions Affected By Market Segmentation

The coordinated development of Beijing,Tianjin and Hebei province has been risen to a national strategy,but the degree of market segmentation between different regions remains serious.And the degree of market segmentation is much higher than that of Yangtze River Delta,and Pearl River Delta of China.So,eliminating the restriction accelerating the process of integration means a lot to our economy.The research idea of this article:Through the market segmentation of the Beijing-Tianjin-Hebei province and measuring quantity of fiscal decentralization degree,provide the corresponding data support for the empirical test.Then,through revealing the fiscal decentralization to product market,labor market and capital market segmentation effect mechanism,as to provide theoretical basis for empirical testing;Later,the empirical test.Finally,on the basis of this puts forward countermeasures and suggestions.First of all,we used methods like quantity analysis to measure the degree of market segmentation of the BTH and the degree of fiscal decentralization.use the empirical ways to analyze the influence that fiscal decentralization caused to market segmentation and provide the corresponding data support.In this paper,we use the relative price method that based on the "glacier cost" model,compare and measure the degree of market segmentation between beijing-tianjin-hebei region from three angles.Firstly,measuring and comparing the degree of market segmentation between the beijing-tianjin-hebei region and nation,the pearl river delta,Yangtze river delta;secondly,there are 13 cities in beijing-tianjin-hebei region,so my second step is to measure the market segmentation index of 78 city-pairs composed these cities,and compare the different between them;thirdly,I divided beijing-tianjin-hebei region into three big markets,measure and compare the segmentation index between the three part.Using the index of per income,per expenditure to measure and compare the degree of fiscal revenue decentralization and expenditure decentralization of beijing-tianjin-hebei region.Then,briefly introduced the influence mechanism,that how does the fiscal decentralization impact the three market segmentation.Later,to analyze the influence that the fiscal revenue and expenditure decentralization imposed on market segmentation of the beijing-tianjin-hebei region more accurately.I decide to add index like marketization index,foreign trade dependence,foreign direct investmen geographic distance factors,using the data I researched about 13 cities in Beijing-Tianjin-Hebei region from 2001 to 2014 do some empirical research.Using hybrid least squares test analyze the impact that the degree of fiscal revenue and expenditure decentralization imposed on the market segmentation.Empirical study shows that fiscal expenditure decentralization has obvious positive effect on market segmentation,and income the separation effect is not significant;After the financial crisis in 2008,the degree of market segmentation of the beijing-tianjin-hebei region are more easily affected by spending the separation,while the influence of decentralization of incomes reduced.From the point of market segment,the effect of fiscal decentralization is very significant,revenue decentralization only impact the labor market segmentation remarkably.Finally,according to the empirical test results,I put forward three policy proposals from the perspective of fiscal revenue and expenditure decentralization to reduce the degree of market segmentation of the beijing-tianjin-hebei region:one is to strengthen the spillover effect of fiscal expenditure caused by the policy like two provinces and one city;Second,the reasonable division of the central and local tax;Three is to guarantee the consistency of the governance and expenditure responsibility.We need to try hard to narrow the gap between regions,based on the analysis of the market segmentation problem of beijing-tianjin-hebei region,And this means a lot to realize the coordinated development of beijing-tianjin-hebei region.