›› 2015, Vol. 31 ›› Issue (5): 24-31.

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Reconsideration of Local Government Debt risk in the Process of New Urbanization Construction

  

  • Received:2014-09-10 Revised:2014-11-08 Online:2015-05-10 Published:2015-04-29

新型城镇化进程中地方政府债务风险的再思考

杨林1,侯欢2   

  1. 1. 中国海洋大学经济学院金融系
    2. 中国海洋大学经济学院
  • 通讯作者: 侯欢
  • 基金资助:

    城乡公共服务资源均衡配置的财政实现机制研究

Abstract: Abstract:The paper is logically based on the coupling relationship of the new urbanization and the local government debt risk so as to research on the debt risk of local government. Nowadays, in the process of new urbanization, local government has an unequal financial right and administrative right. The debt risk of the government is obvious, as it takes financing platform as the channel, the debtors have low sense of responsibility and land is the lever in financing. Under such background, the new tendency and new features in the new urbanization shall be taken into account, and a measurement indicator system shall be built from four aspects including scale risk, structure risk, management risk and payment risk of the local government debt. The entropy value method shall be adopted to measure the debt risk of the local governments in Chinese 30 provinces. Finally, the risk prevention countermeasures shall be made depending on the evolution of the local government debt risk in the process of new urbanization.

摘要: [摘要]以新型城镇化建设与地方政府债务风险的耦合关系为逻辑起点,展开对地方政府债务风险的研究后发现:当前,地方政府在推进新型城镇化建设中,财权事权不对等,以融资平台为融资渠道,偿债主体责任意识模糊,以土地为杠杆的融资模式,导致地方政府债务风险凸显。以此为基础,在考虑新型城镇化建设的新趋势新特点后,从地方政府债务规模风险、结构风险、管理风险、偿债风险四个方面构建测度指标体系,运用熵值法对我国30个省的地方政府债务风险进行测度。最后,针对新型城镇化建设进程中地方政府债务风险的演进态势,提出风险防范对策。