Research On The Impact Of Local Government Debt Scale Under The New Urbanization Level

In recent years,with the continuous acceleration of urbanization in China,especially the new people-oriented urbanization proposed by the state,it requires higher-level public infrastructure services to match the needs of the people and urbanization requirements.At the same time,the local government's The growth rate of fiscal revenue is declining,various fiscal expenditures are increasing,and the fiscal pressure is increasing,and the scale of local government debt is excessively increasing,which has accumulated risk factors that may affect the operation of the government and endanger social harmony and stability.The problem of local government debt in China is becoming increasingly prominent.Therefore,the thesis will study the scale of local government debt from the perspective of new urbanization,and provide a new background for local government debt research.The thesis is divided into five parts.The first part is an introduction,which briefly introduces the research background and significance of this thesis,literature review,research content and framework,research methods,innovations and shortcomings.The second part is related theoretical part.First introduce the basic theory of new urbanization and local government debt.Then analyze the mechanism of the effect of new urbanization on the scale of local government debt.The third part is the status quo analysis and index calculation.First,introduce the current situation and concept of new urbanization,build a new urbanization rating system,use entropy weight method to weight indicators,comprehensively evaluate and score the development level of new urbanization in various places,and analyze it.Secondly,it combs the development process of local government debt in my country and summarizes the characteristics of local government debt.The fourth part is the empirical part.According to the previous chapter,an empirical analysis of the indicators representing the development level of new urbanization and the scale of local government debt shows that there is a significant positive correlation between the scale of local government debt and the level of new urbanization.In the analysis of heterogeneity by region,the ranking of the impact of the new urbanization level on the scale of local government debt in the eastern,central and western regions is:eastern region>central region>western region.The fifth part is the research conclusion and policy recommendations.The innovation of the thesis lies in:(1)From the perspective of new urbanization,this thesis uses more comprehensive variables to test the impact of new urbanization on the scale of local government debt.The empirical results of the thesis show that if the level of new urbanization changes by 1%,the debt scale will change by 3.589%.(2)Based on the current situation in China,this paper analyzes the mechanism of China's new urbanization level on the expansion of local government debt scale,and provides a theoretical basis for effectively preventing the risks brought by the expansion of local government debt scale.The inadequacy of the thesis is that the detailed data used in the analysis of the characteristics of local government debt in the thesis are the data released by the National Audit Office in 2013.The timeliness is poor and may not accurately reflect the current status of local government debt.