Analysis of Regional Differences in Local Government Debt Based on Dagum's Gini Coefficient Approach
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
