華師經管學術講座第453期（經濟）
【題目】Budgets Rolling and Year-End Spending in China
【時間】2023年9月14日（周四）下午3點
【地點】經濟與管理學院文二棟536會議室
【主講人】梁平漢教授
【主持人】連洪泉副教授
【主講人簡介】
梁平漢，中山大學政治與公共管理學院教授、博士生導師，中山大學“逸仙學者”，牛津大學“太古”高級訪問學者。《產業經濟評論》執行副主編，中國數量經濟學會理事，中國運籌學會博弈論分會理事。主要研究地方政府行為、行為與實驗經濟學、博弈論、政商關系等。在Economic Journal, Games and Economic Behavior，《經濟研究》、《管理世界》、《經濟學（季刊）》等國內外一流期刊發表論文數十篇，主持國家社科基金、國家自科基金資助項目多項，研究成果被《新華文摘》和人大復印報刊資料全文轉載多次，獲霍英東基金會優秀青年教師獎，教育部、四川省、重慶市等部省級獎勵多項。
【摘要】
Using the Budget Law reform in China as a quasi-natural experiment, this paper examines the causal impact of Use-it-or-lose-it budget rules on local governments year-end spending spikes. We compile a comprehensive dataset of public procurement contracts during 2014-2021, and develop a novel method to measure the quality of contract. We show the substantial surges in procurement contracts in the end of the year, and these contracts are more likely of low quality. The difference-in-difference model indicates that after the reform, local governments award 25.8% more procurement contracts, and double spending on procurement in the last month of the year. The year-end spending surges concentrate on goods and construction projects procurement, contracts with high values, and favor local suppliers. We suggest the late arrival of funds under the rigid hierarchical allocation of fiscal funds underlies this distortion.