摘要
基于全国31省(区、市)2003-2014年的相关样本面板数据,利用静态、动态广义矩(GMM)和门槛模型分析财政分权、预算软约束对地方政府债务规模的影响,结果表明:在中国式分权背景下,财政分权、预算软约束对地方政府债务规模的影响均成正相关性。但预算软约束对地方政府债务规模的影响存在基于财政分权的双门槛效应,当财政分权水平较低时,预算软约束的增加缩小了地方政府债务规模;当财政分权高于一定水平时,预算软约束扩大了地方政府债务规模。最后根据研究结果提出了优化治理地方政府债务规模的政策建议。
Based on the national 31provinces（municipalities）related samples in 2003-2014 panel data,using the static,dynamic generalized moment model（GMM）and threshold analysis of the influences of fiscal decentralization and soft budget constraints on local government debt scale,the results show that：under the background of Chinese decentralization,the impacts of fiscal decentralization and soft budget constraints on local government debt scale have positive correlation.But the influence of soft budget constraints on local government debt scale are based on double threshold effect of fiscal decentralization,when fiscal decentralization is on the low level,the increase of the soft budget constraint narrows the scale of local government debt;When fiscal decentralization is above a certain level,budgetary soft constraints increase the size of local government debt.Finally,the paper puts forward some policy suggestions for optimizing the debts of local governments.
作者
郭平
江姗姗
GUO Ping JIANG Shan-shan(College of Economics and Trade, Hunan University, Changsha, Hunan 410079, China)
出处
《河北大学学报（哲学社会科学版）》
北大核心
2017年第5期76-85,共10页
Journal of Hebei University(Philosophy and Social Science)
基金
国家自然科学基金"转型期中国居民收入差距:度量
效应
影响因素及干预对策研究"(71373073)
关键词
财政分权
预算软约束
地方政府债务
面板门槛模型
fiscal decentralization
budget soft constraints
local government debt
panel threshold model
