Based on the rural revitalization policy, this paper uses the entropy method to calculate the weight of each index, selecting the panel data of 31 provinces from 2013 to 2019 to construct a measure of the development level of rural revitalization and using fixed effect model to explore the influence of fiscal distribution to rural revitalization. The empirical results show that agriculture-related financial expenditure is an important guarantee for rural revitalization and development, and the high financial burden of local governments will weaken the investment in public goods in rural areas. The degree of fiscal decentralization has a significant negative correlation with the level of rural revitalization and development, indicating that with high fiscal autonomy, local government financial resources will be tilted toward cities, crowding out construction spending in rural areas. It is necessary to improve the current fiscal decentralization system, reverse the local government incentive mechanism, ensure the investment of fiscal funds, and promote the sustainable development of the rural revitalization.

Yu Qian. The Inhibitory Effect of Fiscal Decentralization on Rural Revitalization——Based on China's Provincial Panel Data from 2013 to 2019. Academic Journal of Business & Management (2022) Vol. 4, Issue 13: 109-113. https://doi.org/10.25236/AJBM.2022.041316.

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