摘要
数字技术的普及将对新时代我国防范化解系统性风险、推动经济高质量发展产生重要作用。文章基于2009—2019年中国30个省(市、自治区)的数据,实证检验了数字化发展与地方债务风险治理的关系。研究发现:随着数字化发展的深入,地方债务增量风险受到抑制,新《预算法》实施后,尤其在东部地区,数字化发展更有利于地方债务风险的治理。进一步的影响机制检验显示,数字化发展通过提升地方财政透明度、约束金融分权,降低了地方政府债务的增量风险。在替换核心解释变量和缓解内生性后,文章的主要结论仍然成立。本文的研究以期为促进地方政府债务治理体系的数字化转型提供有益的政策启示。
The popularity of digital technology is beneficial to the precaution and resolution of systemic finan-cial risks,thus leading to the high-quality development of economic society.The article investigates the rela-tionships between digital development and local government debt risks based on data from 30 Chinese provinc-es(municipalities and autonomous regions)from 2009-2019.The results show that digitization significantlylowers the incremental debt risks,while this trend is strengthened to some extent in the eastern provinces andthe period after the New Budget Act carried out.Furthermore,the positive effect of digital development on thegovernance of local government debt can be explained by the channels of fiscal transparency and financial de-centralization.After replacing the core explanatory variables and mitigating endogeneity,the main findings ofthe article still hold.The research provides useful policy insights for promoting the digital transformation of lo-cal government debt governance systems.
作者
周世愚
周明生
ZHOU Shi-yu;ZHOU Ming-sheng
出处
《求是学刊》
CSSCI
北大核心
2022年第4期78-87,共10页
Seeking Truth
基金
北京市社会科学基金青年项目“数字化视域下北京优化财政支出结构的路径研究”(21JJC032)
关键词
数字化发展
地方债务风险
财政透明度
金融分权
Digital development
local debt risks
fiscal transparency
financial decentralization
作者简介
周世愚,中央财经大学中国财政发展协同创新中心助理教授;周明生,首都经济贸易大学经济学院教授、博士生导师
