The impact of fiscal decentralization and intergovernmental competition on the local government debt risk: Evidence from China

被引：6
|
作者：
Huo, Xuling [1 ]
Bi, Shulei [2 ]
Yin, Yushi [3 ,4 ]
机构：
[1] Xinjiang Univ Finance & Econ, Sch Finance & Taxat, Urumqi, Peoples R China
[2] Budapest Business Sch, Doctoral Sch Entrepreneurship & Business, Budapest, Hungary
[3] Pukyong Natl Univ, Grad Sch Management Technol, Busan, South Korea
[4] Yunnan Agr Univ, Coll Trop Crops, Puer, Peoples R China
来源：
FRONTIERS IN ENVIRONMENTAL SCIENCE | 2023年 / 11卷
关键词：
local government debt risk; fiscal decentralization; intergovernmental competition; spatial effect; dynamic spatial durbin model; FEDERALISM; INCENTIVES; IMBALANCE; TAXES;
D O I：
10.3389/fenvs.2023.1103822
中图分类号：
X [环境科学、安全科学];
学科分类号：
08 ; 0830 ;
摘要：
Based on the data of explicit debt and implicit debt of local governments in China from 2012 to 2020, this paper theoretically analyzes and empirically tests the spatial correlation effect of fiscal decentralization and intergovernmental competition on local government debt risk. It's found that local government debt risk has obvious inertia effect in time and positive spatial correlation effect in space, and local fiscal spending decentralization and intergovernmental competition have a significant positive impact on the local government debt risk, as well as a positive spatial spillover effect. The research of this paper has very important policy implications for perfecting China's decentralization system, standardizing the competition among governments, and preventing and defusing local government debt risks.
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收藏
页数：13
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