当代经济管理2025，Vol.47Issue(1)：41-54,14.DOI:10.13253/j.cnki.ddjjgl.2025.01.006
城镇化推动模式对城投债规模过快扩张的影响
The Impact of Urbanization-driven Model on the Excessive Expansion of Urban Investment Bonds Scale
摘要
Abstract
After theoretical analysis,this paper suggests that when the urbanization rate reaches a certain level,local governments'efforts to drive eco-nomic growth through increasing urbanization may lead to the excessive expansion of urban investment bonds.In a context of fierce competition,local governments promoting urbanization construction and establishing multiple urban investment companies within a region could also contribute to the rapid expansion of urban investment bond scale.The paper further validates through data from 31 provinces and municipalities nationwide from 2009 to 2019 that:first,when the urbanization rate exceeds 70%,local governments'efforts to improve the urbanization rate significantly result in the excessive ex-pansion of urban investment bond scale;second,the greater the number of urban investment companies within a province,the more likely it is to cause the excessive expansion of urban investment bond scale,indicating to some extent that the increase in the number of urban investment companies indeed brings significant competitive pressures.It is recommended that local governments improve the efficiency of urbanization investment or seek new paths for reasonable development beyond boosting the urbanization rate,establish more scientific and reasonable officer assessment mechanisms,and intro-duce a lifelong accountability mechanism for urban investment debt risks.关键词
城投债/城镇化/晋升竞争/债务扩张Key words
urban investment bonds/urbanization/intensified competition/debt expansion分类
管理科学引用本文复制引用
李绍荣,刘星洋..城镇化推动模式对城投债规模过快扩张的影响[J].当代经济管理,2025,47(1):41-54,14.基金项目
国家自然科学基金项目"公共债务周期模型、债务风险分析与控制措施研究"(7203301). （7203301）
