摘要
地方政府隐性债务治理是关系国家经济安全的重大问题。本文从政府运行成本双重作用的视角,在地方政府层面探究了运行成本对政府融资行为的影响。研究发现,政府运行成本与地方政府隐性债务之间存在倒U型关系。达到阈值之前,运行成本的增长会刺激地方政府隐性债务扩张;超过阈值之后,政府运行成本会抑制地方政府隐性债务扩张。经济增长压力、政府审计监督和金融科技发展都弱化了这种倒U型关系,说明政绩压力、监管治理和金融环境会调节地方政府的成本管控与债务融资行为。本文从预算会计的管理功能角度丰富了对政府债务的研究,为我国强化预算管理、统筹财政资源和完善政府债务管理制度提供了政策启示。
The governance of local government implicit debts is a major issue related to national economic security.This study focuses on the dual role of government operating costs and explores the impact of local governments'operating costs on their financing behavior.It has found that there is an inverted U-shaped relationship between local government operating costs.Before a certain threshold,the increase in government operating costs will stimulate the expansion of local government implicit debts;After the threshold,the government operating costs will limit the expansion of local government implicit debts.The economic growth pressure,the audit supervision,and the fintech development weaken the inverted U-shaped relationship,indicating that the promotion pressure,regulatory govermance,and fintech environment will affect the cost control and financing behavior of local governments.This paper enriches the research on local government debts from the perspective of budget accounting management,providing policy insights for China to strengthen the budget management,coordinate financial resources,and improve the government debt management system.
出处
《会计研究》
北大核心
2025年第6期78-91,共14页
Accounting Research
基金
国家社会科学基金重大项目(20&ZD115)。
关键词
政府运行成本
地方政府隐性债务
倒U型关系
非线性模型
Government Operating Costs
Local Government Implicit Debts
Inverted U-Shaped Relationship
Nonlinear Model
作者简介
通讯作者:闫寒,yanhanxmu@163.com。
