Research Article
Fiscal Decentralization and Regional Financial Efficiency: An Empirical Analysis of Spatial Durbin Model
Table 1
Moran’s
index of regional financial efficiency.
| Year | Geographic distance weighting matrix | Mixed geography-economy weighting matrix |
| 2003 | 0.152 | 0.130 | 2004 | 0.094 | 0.061 | 2005 | 0.094 | 0.028 | 2006 | 0.135 | 0.092 | 2007 | 0.137 | 0.100 | 2008 | 0.075 | 0.057 | 2009 | 0.019 | 0.024 | 2010 | 0.141 | 0.088 | 2011 | 0.140 | 0.071 | 2012 | 0.149 | 0.052 |
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Note: and , respectively, represent the significant level of 1% and 10%.
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