Estimation Of Local Fiscal Absorptive Capacity In Guangdong Province And Analysis Of Influencing Factors

The imbalance between fiscal revenue and expenditure and unbalanced development of extractive capacity are two issues that public finance of Guangdong facing.To rise the fiscal extractive capacity of backward areas could make it easier for the administration to balance and the balance development of regional economy.In this paper,we define the fiscal extractive capacity through the fiscal extractive scale,fiscal extractive degree of self-sufficiency and fiscal extractive sustainability,and we use the fixed-effect model and factor analysis method to calculate and draw the empirical analysis of the fiscal extractive capacity of the prefecture-level cities in Guangdong Province from 2008 to 2015.The results show that fiscal expenditure decentralization,economic factors,industrial structure and population factors have significant impact on fiscal extractive capacity.Therefore,it is suggested that we should divide the fiscal power of the prefectural city reasonably,promote the optimization and upgrading of the industrial structure,strengthen the management of fiscal revenue.