Local Government Debt Risk, Fiscal Expenditure Efficiency and Economic Growth

被引：1

作者：

Wang, Hong ^{[1
]}

Huang, Jie ^{[1
]}

Li, Huiyu ^{[2
]}

机构：

[1] Sichuan Univ, Sch Business, Chengdu 610064, Sichuan, Peoples R China

[2] Journal Sichuan Univ, Chengdu 610064, Sichuan, Peoples R China

来源：

PROCEEDINGS OF THE TENTH INTERNATIONAL CONFERENCE ON MANAGEMENT SCIENCE AND ENGINEERING MANAGEMENT | 2017年 / 502卷

关键词：

Local government debt risk; Fiscal expenditure efficiency; Economic growth; DEA;

D O I：

10.1007/978-981-10-1837-4_127

中图分类号：

TP18 [人工智能理论];

学科分类号：

081104 ; 0812 ; 0835 ; 1405 ;

摘要：

Government debt has an impact on economic growth, but there is a big difference when the local government's fiscal expenditure is efficient or not. This paper tries to explicit the impact of local government debt risk on economic growth, in the case of the efficiency of fiscal expenditure. We assess the local government debt risk by the debt ratio and gain the fiscal expenditure efficiency with Data Envelopment Analysis (DEA). The empirical study shows that the relationship between the efficiency of fiscal expenditure and local government debt risk is significantly negative, and the risk of local government debt has a significantly negative impact on the economic growth, with the data of 28 provinces, municipalities and autonomous regions of China for the period 2011-2013.

引用

页码：1565 / 1576

页数：12

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