Research On Wuhan Local Government Debt Benefit Evaluation

Rapid economic development has brought changes to people’s lives upside down, and only between the last 30 years, China’s total GDP has risen from 901.6 billion yuan in 1985 to 63.6463 trillion yuan in 2014, GDP per capita from $858 rose to $47,902, the rate of change to the world marvel.In the back of rapid economic development, but also more or less hidden problems caused extensive economic serious environmental pollution, social unfair competition caused disharmony factors produce the overall economy too dependent on primary industry etc. to social stability planted the seeds of discord.Behind the reform and development, local government debt gradually emerges, with other countries in the world economy has experienced a similar development, China’s local governments have taken a variety of different methods to obtain funds for urban construction, but with the difference is our local government no power to issue local government bonds, but in this particular environment through a lot of the land transfer, secured financing and other indirect means to obtain a lot of money to "living beyond" approach to the pursuit of high-speed development of the city, a large number of scholars talking about local government When the debt problem always hold to the negative attitude that such an approach is not conducive to social stability and harmony. But the article in the study of local government debt to a more objective point of view of local government debt, not only to see the negative impact brought by the local government debt, but also to see the positive impact brought by the local government debt to the social, economic and environmental aspects.In this paper, Wuhan, Hubei Province, for example, select "15" and "Eleventh Five-Year" two five-year plan as an object of study, the analysis in the past decade, the analysis of Wuhan local government building to the community through debt the impact, and to explore the direction of local government debt into the building through a selection of local economic, social and environmental factors indicators.In the first chapter, the paper introduces the background and significance of the study of local government debt, and a summary of the extensive literature to illustrate the main research direction and shortcomings; in the second chapter, the paper focuses on the liabilities associated with theory, and theoretical analysis of local government debt benefit evaluation for later lay the foundation for the empirical analysis; the third chapter in the whole section, the paper describes the characteristics and types of local government debt, by choosing the appropriate research methods in Wuhan Empirical research conducted local government debt, and debt-benefit analysis methods and benefit evaluation made specific description; the fourth chapter, Wuhan, Hubei paper, empirical analysis by selecting specific indicators, Wuhan local government debt benefit benefit analysis of the results of the analysis and the evaluation; the last chapter in the foregoing summary of the results of the analysis of local government debt, as well as local government debt against Wuhan put forward relevant policy recommendations.