利用1994—2011年中国29个省市的面板数据,在超效率DEA-TOBIT两阶段分析框架下研究了中国金融资源配置效率。首先,基于财政分权构造的投入产出,通过SE-DEA测度了金融资源配置效率;其次,通过Malmquist指数分解法分析无效率的原因;最后,利用TOBIT模型对效率得分与其影响因素之间的关系进行了实证研究。研究结果表明:中国金融资源配置效率存在显著的地区差异,且2002年后的财政分权政策扩大了4个地区之间的金融资源配置效率的差异,证明了把握财政分权的“度”的重要性。
Based on the model of SE-DEA-TOBIT of panel data,the efficiency of financial resources of 29 provinces in china during 1994—2011 are investigated. Firstly,the allocation efficiency of financial resources through SE-DEA based on the input-output structure of fiscal decentralization are measured. Then,the reason of inefficiency with the decomposition of Malmquist index is analyzed. Lastly,the relationship between the factors and the efficiency scores is investigated by TOBIT model. The experiential result shows that there are significant regional differences between financial resources allocation efficiency and the fiscal policy in 2002 expands the differences. The importance of“degree”of fiscal decentralization is proved.