摘要：This study incorporates public finance indicators within each public budget cycle stage, including formulation, submission, execution, and auditing, to measure the financial management performance of local government, by adopting the data envelope analysis (DEA) framework. Empirical results show that the average overall efficiency of the four stages is 0.755, indicating a 24.5% output inefficiency mostly resulting from the low efficiency during the submission and execution stage. Local governments are most efficient during the auditing stage. Furthermore, incumbent officers seeking to renew their terms of office have lower performance during the submission stage, and township with industry districts located in; achieve significantly improved performance during the formulation and submission stages.
关键词：Township government efficiency; budget stage; data envelopment analysis
