National Audit, Media Attention, and Efficiency of Local Fiscal Expenditure: A Spatial Econometric Analysis Based on Provincial Panel Data in China

Improving the efficiency of local fiscal expenditure is an important way to swiftly mitigate risks according current economic situation. Based on provincial panel data 30 provinces in mainland China (except Tibet Autonomous Region) from 2007 2018, a Tobit spatial error model was constructed test impact national auditing and investigate intermediary role media attention. Findings show that disclosing, resisting, preventing functions audit significantly improve efficiency. Media attention does play role, indicating information transmission function has governance effects. Coupling also positively affects This research expands mechanism audits, as they affect expenditure; it provides new empirical evidence for improving such while mitigating at level.