3rd International Conference on Advances in Energy Resources and Environment Engineering | |
The contribution of fiscal/financial decentralization to the debt expansion of the local financing platform | |
能源学;生态环境科学 | |
Huayang, Yin^1 ; Di, Zhou^1 ; Bing, Cui^1 | |
School of Economics and Management, Hubei University of Technology, Wuhan | |
430068, China^1 | |
关键词: Empirical test; Financing platforms; Formation mechanism; Local government; Local government and financial institutions; Soft constraint; Synergy degree; Theoretical framework; | |
Others : https://iopscience.iop.org/article/10.1088/1755-1315/113/1/012041/pdf DOI : 10.1088/1755-1315/113/1/012041 |
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学科分类:环境科学(综合) | |
来源: IOP | |
【 摘 要 】
Using soft budget theory to explore the formation mechanism and the deep institutional incentive of the local financing platform debt expansion from the perspective of fiscal / financial decentralization, construct theoretical framework which explain the expansion of local debt financing platform and conduct an empirical test, the results showed that the higher the degree of fiscal decentralization, fiscal autonomy as a soft constraint body of local government the stronger, local financing platform debt scale is greater; the higher the degree of financial decentralization, local government and financial institutions have the higher autonomy with respect to the central, local financing platform debt scale is bigger; financial synergy degree is stronger, local government financial mutual supervision prompted the local government debt more transparency, local debt financing platform size is smaller.
【 预 览 】
Files | Size | Format | View |
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The contribution of fiscal/financial decentralization to the debt expansion of the local financing platform | 239KB | download |