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不同投向的地方政府性债务对经济增长的影响——以我国东西部地区为例 |
The Impact of Different Investment Directions of Local Government Debt on Economic Growth ——A Comparison of the Eastern and Western Chinese Regions |
投稿时间:2019-05-22 |
DOI:10.16018/j.cnki.cn32-1499/c.201904009 |
中文关键词: 东西部地区 地方债务 经济增长 债务投向 |
英文关键词: eastern and western Chinese regions local debt economic growth debt direction |
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中文摘要: |
近年来,地方政府通过借债融资促进经济增长的现象逐渐普遍,由此引发了政府的债务问题。基于2013年东西部地区地方政府性债务审计数据,实证分析了不同投向的政府性债务对东西部地区经济增长的影响。结果表明:不同投向的地方政府性债务对东西部地区经济增长的影响存在差异,投向公共基础设施建设的地方债务对经济增长的促进作用在西部地区尤为明显,但对东部地区经济增长的影响并不显著;投向土地收储的地方债务对东部地区的经济增长起显著的促进作用,但对西部地区的经济增长起显著的抑制作用;投向民生建设的地方债务对东西部地区经济增长的影响均不显著;投向工业农业建设的地方债务对东部地区经济增长有明显的抑制作用,但对西部地区的影响并不显著。 |
英文摘要: |
In the effort to promote economic growth, the local governments are increasingly common turning to borrowing debt and financing in recent years, which has caused the debt issues. Basing on the 2013 audit data of local government's debt from eastern and western Chinese regions, this paper empirically analyzed the impact of investment directions of government debt on economic growth in these regions. The results show that there are significant differences on the impact of different investment directions of local government debt on economic growth subjecting to regions. Local debt flowed to public infrastructure construction has positive influence on economic growth in the western regions, while it is not significant in eastern regions. Local debt directed to land purchasing displays a significant promotion for economic growth in the eastern regions, whereas it shows a significant inhibitory effect on the economic growth in the western regions. Meanwhile, the debt flux to improving public livelihood construction has little impact on economic growth in both eastern and western regions. And the debt input to agricultural and industrial construction has negative influence on economic growth in the eastern region, whereas it is not significant in western regions. |
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