Using the Dagum Gini coefficient method,mainland China is divided into eastern,central,and western regions to reveal regional differences in local government debt.The study finds that in terms of overall regional differences,inter-regional differences consistently contribute the most throughout the study period.Among inter-regional differences,debt stock differences are largest between the eastern and western regions.Differences in new bond issuance show an upward trend,while differences in debt balance are decreasing.In terms of intra-regional differences,the debt stock difference is greatest in the western region,with new bond issuance differences showing a fluctuating upward trend and debt balance differences showing a fluctuating downward trend.Key factors contributing to regional differences in local government debt include economic development levels,fiscal revenue and expenditure structures,policy environments,and regional investment attractiveness.Strengthening regional coordinated development,establishing regional risk-sharing mechanisms,and formulating differentiated debt management policies can effectively mitigate the risks associated with regional disparities in local government debt.
local government debtregional differencesDagum Gini coefficient
万方数据
