重庆科技大学学报（社会科学版）Issue(5)：16-30,15.DOI:10.19406/j.issn.2097-4523.2024.05.002
预算软约束对地区经济增长的影响及其门槛效应研究
Study on the Impact of Soft Budget Constraints on Regional Economic Growth and Its Threshold Effect
摘要
Abstract
China has introduced a series of proactive fiscal measures amidst increasingly weak internal and external demand and large-scale local debt,which forced the government to increase the size of its debt.This study empirically examines the impact of local government soft budget constraints on economic growth across China and its eastern,middle and western regions,using the benchmark regression model and the threshold effect model.It is found that local government soft budget constraints significantly impede regional economic growth,and there is a significant threshold effect between the two.Heterogeneity analysis shows that the negative effect of local government soft budget constraints on economic growth is affected by differences across regions.Therefore,local governments should take measures to stabilize regional economic growth by optimizing the transfer payment system,promoting the market-oriented transformation of financing platforms,improving the over-indebtedness constraint mechanism,changing the concept of officials ' performance appraisal,and formulating differentiated precautionary policies according to local conditions.关键词
地方政府债务/预算软约束/经济增长/门槛效应/异质性Key words
local government debt/soft budget constraints/economic growth/threshold effects/heterogeneity分类
管理科学引用本文复制引用
唐志军,张佳佳..预算软约束对地区经济增长的影响及其门槛效应研究[J].重庆科技大学学报（社会科学版）,2024,(5):16-30,15.基金项目
湖南省社会科学基金智库重大项目"现代化产业体系与区域协调发展'两个战略'协调联动研究"(22ZWA002). （22ZWA002）
