...
  • 主题
高级搜索  >
历史搜索 清空历史
首页> 外文期刊>China & World Economy >Local Government Debt, Factor Misallocation and Regional Economic Performance in China
【24h】

Local Government Debt, Factor Misallocation and Regional Economic Performance in China

机译：中国地方政府债务，要素配置不当与区域经济绩效

获取原文
获取原文并翻译 | 示例
           
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

This paper examines total factor efficiency and productivity performance by taking into account local government debt (LGD) in 31 Chinese provincial regions for the period 2000-2013. The results show that neglecting LGD may overstate economic performance in Chinese provinces. The eastern region shows better performance in single factor efficiency and total factor efficiency than the non-eastern regions. The western region shows the worst total factor performance. The north-eastern region is the only region that has experienced a decline in total factor performance. The state-dominated, investment-driven development model may help technological progress across Chinese regions but could lead to significant factor misallocation. We argue that biases towards more state-dominated investment and land supply in less productive western, central and northeastern regions, at the expense of investment and land supply in more productive eastern regions, have contributed to the recent slowdown in economic growth in China. Therefore, further market-oriented reforms in factor markets should be considered in the future.
机译：本文考虑了2000年至2013年中国31个省区的地方政府债务（LGD），考察了总要素效率和生产率绩效。结果表明，忽视LGD可能会夸大中国各省的经济表现。东部地区在单因素效率和全要素效率方面的表现要优于非东部地区。西部地区的总要素表现最差。东北地区是唯一一个总要素绩效下降的地区。国家主导，投资驱动的发展模式可能有助于中国各地区的技术进步，但可能导致严重的要素配置不当。我们认为，偏向于生产力较低的西部，中部和东北地区更多由国家主导的投资和土地供应，而牺牲了生产力较高的东部地区的投资和土地供应，这导致了中国近期经济增长放缓。因此，将来应该考虑对要素市场进行进一步的市场化改革。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号