Abstract: Established literature focuses mostly on the policy tools, support methods and characteristics, and problems of rural revitalization fiscal policy, and neglects the assessment of the effects of rural revitalization fiscal policy. This paper examines the effects of rural revitalization fiscal policies based on provincial panel data from 2011—2019, using spatial econometric models and other methods. It is found that, firstly, during the study period, rural revitalization has the problem of uncoordinated development and large spatial differences among regions; Secondly, rural revitalization fiscal policy not only promotes rural revitalization in the region, but also drives rural revitalization in adjacent regions; thirdly, the effect of rural revitalization fiscal policy is mainly realized through the channels of industry-led, governance standardization and income reduction, while the channels of civilization edification and ecological improvement, the effect is not significant; fourth, when human capital is greater than 11.77, the effect of rural revitalization fiscal policy is significantly enhanced. Therefore, it is suggested that while increasing the fiscal expenditure for rural revitalization, it is also necessary to pay attention to the spatial coordination of the fiscal policy for rural revitalization among regions; Adjust the structure of the fiscal expenditure for rural revitalization, and the fiscal expenditure for rural revitalization should be more inclined to the construction of ecological civilization and the construction of countryside civilization; And pay attention to the accumulation of human capital and improve the level of human capital.

Key words: rural revitalization, fiscal policy, spatial spillover, channel effect, threshold effect