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Incentive and coordination: Ecological fiscal transfers' effects on eco-environmental quality

机译：激励与协调：生态财政转移对生态环境质量的影响

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摘要

In developing countries, ecological transfer payments (ETPs) are a preferred method of solving the dilemma of environmental governance. However, the associated policy effects have not yet been effectively evaluated. We use unique ETPs' data provided by the Ministry of Finance of China in a dynamic spatial panel data model. Our study finds that ETPs stimulate the efforts of local governments to improve environmental quality, and play a coordinated role in mitigating the race-to-the-bottom competition among regions. However, these transfer payments (TPs) do not promote ecological improvement. Although the design of non-ecological transfer payments (non-ETPs) considers ecological and environmental factors, they do not effectively play an incentive and coordinated role. The ETPs' behavior that encourages local governments to invest in environmental improvements exhibits more of a compensation rather than a leverage effect. This conclusion suggests that policymakers should pay attention to the coordinated role, and increase the weight of ecological factors, in the design of TPs.
机译：在发展中国家，生态转移支付（ETPS）是解决环境治理困境的首选方法。但是，尚未有效地评估相关的策略效果。我们使用中国金融部提供的独特ETPS数据在动态空间面板数据模型中。我们的研究发现，ETPS刺激地方政府提高环境质量的努力，并在减轻地区之间的比赛到底部竞争方面发挥协调作用。但是，这些转移付款（TPS）不会促进生态改善。虽然非生态转移支付设计（非ETPS）考虑了生态和环境因素，但它们没有有效发挥激励和协调的作用。鼓励地方政府投资环境改善的ETPS行为表现出更多的补偿而不是杠杆效应。该结论表明，政策制定者应注意协调作用，并在TPS设计中增加生态因素的重量。

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