Government Credit、Government Financing and Local Government Debt
In recent years,many local governments have been restricted by the shortage of funds in economic development,and the issue of local government debt has attracted much attention,local government financing concepts and system models are in urgent need of innovation.This paper introduces the concept of government credit,combines it with the characteristics and actual operation of local governments in China,constructs a theoretical framework of government credit,todiscuss the financing mechanisms of local governments,and constructs a multi-period incomplete information game-theory model to investigate the mechanisms and trends of debt expansion,finally put forward related policy recommendations.This article has certain theoretical and practical significance for understanding China's development model,resolving local government debt,and building a local government investment and financing system under the new situation.
government creditinvestment and financinglocal government debt
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