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.
引用
收藏
页数：13
相关论文
共 50 条
  • [21] Fiscal decentralization, preference for government innovation and city innovation Evidence from China
    Yang, Siying
    Li, Zheng
    Li, Jian
    CHINESE MANAGEMENT STUDIES, 2020, 14 (02) : 391 - 409
  • [22] The impact of fiscal rules on government debt: evidence from the CFA zone
    Christine Olivia Strong
    Empirical Economics, 2023, 65 : 2357 - 2391
  • [23] The impact of fiscal rules on government debt: evidence from the CFA zone
    Strong, Christine Olivia
    EMPIRICAL ECONOMICS, 2023, 65 (05) : 2357 - 2391
  • [24] Fiscal decentralization and the default risk of Chinese local government debts
    Ouyang, Alice Y.
    Li, Rui
    CONTEMPORARY ECONOMIC POLICY, 2021, 39 (03) : 641 - 667
  • [25] Fiscal decentralization, local government environmental protection preference, and regional green innovation efficiency: evidence from China
    Wang, Mingjin
    Zhang, Hongxiang
    Dang, Dingyu
    Guan, Jing
    He, Yujie
    Chen, Yiting
    ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH, 2023, 30 (36) : 85466 - 85481
  • [26] Fiscal decentralization, local government environmental protection preference, and regional green innovation efficiency: evidence from China
    Mingjin Wang
    Hongxiang Zhang
    Dingyu Dang
    Jing Guan
    Yujie He
    Yiting Chen
    Environmental Science and Pollution Research, 2023, 30 : 85466 - 85481
  • [27] Fiscal Decentralization, Green Technology Innovation, and Regional Air Pollution in China: An Investigation from the Perspective of Intergovernmental Competition
    Wang, Di
    Zhang, Zhiyuan
    Shi, Ruyi
    INTERNATIONAL JOURNAL OF ENVIRONMENTAL RESEARCH AND PUBLIC HEALTH, 2022, 19 (14)
  • [28] Intergovernmental fiscal transfers and local tax efforts: evidence from provinces in China
    Liu, Yongzheng
    Zhao, Jianmei
    JOURNAL OF ECONOMIC POLICY REFORM, 2011, 14 (04) : 295 - 300
  • [29] Local Government Capital Spending in Indonesia: Impact of Intergovernmental Fiscal Transfers
    Lewis, Blane
    PUBLIC BUDGETING AND FINANCE, 2013, 33 (01): : 76 - 94
  • [30] Local government audit and municipal debt risk: Evidence from audit reform in China
    Lin, Xiaowei
    Chen, Sicen
    Cheng, Xin
    Wang, Jinmei
    FINANCE RESEARCH LETTERS, 2022, 50
12345