Study of the Impact of Fiscal Transparency on Local Government Debt

Authors

  • Han Yao

DOI:

https://doi.org/10.54097/uundg8ve

Keywords:

Local Debt Scale, Fiscal Transparency, Proxy, Soft Budget Constraints

Abstract

Since socialism with Chinese characteristics has entered a new era, the important task of reforming the fiscal and taxation system has been put on the agenda, and the report of the Twentieth National Congress proposes to accelerate the improvement of the modern financial and budgetary system, and it is necessary to establish a comprehensive, standardized and transparent budgetary system with scientific standards and strong constraints. This paper starts from the direction of standardization and transparency to study the problems related to fiscal transparency.  We do empirical analysis and research on fiscal transparency and local debt scale, and finally conclude that there is not a single relationship between the two, but both promote and inhibit the effect. Finally, it puts forward relevant suggestions from the perspectives of fiscal transparency, proxy and budget constraint.

References

Alesina A, Hausmann R, Hommes R, et al. Budget institutions andfiscal performance in Latin America[J]. Journal of development Economics,1999, 59(2): 253-273.

Alt J E, Lassen DD. Transparency, political polarization, and political budget cycles in OECD countries [J]. American Journal of Political Science,2006,50(3):530-550.

Alt J E, Lowry R C. Transparency and accountability: Empirical Results for U S States[J]. Journal of Theoretical Politics, 2010,22(4):379-406.

Arbatli E, Escolano J. Fisca ltransparency, fiscal performance and credit ratin [J]. Fiscal studies, 2015,36(2):237-270.

Fiscal transparency, political parties, and debt in OECD countries.

Kopits, M.G.&M.J.D. Craig (1998), “Transparency in government ope-rations”, IMF Occasional Paper, No.158.

Li J T. Fiscal Decentralization, Information Disclosure and Official Corruption-A Dual Examination Based on Macro and Micro Institutional Environment[J]. Accounting and Economic Research,2016(3):25-44.

Li Y, Yi N. Analysis of the effect of fiscal transparency on corruption[J]. Local Finance Research,2014(11):14-16.

Li Yan, Xiao W. Research on the Impact of Local Fiscal Transparency on Fiscal Expenditure Efficiency in China under the Perspective of National Governance[J]. Journal of Central University of Finance and Economics,2016(11):3-10.

Li YG. Factors affecting the scale of local government debt and countermeasures for dissolution[J]. Journal of Zhongnan University of Economics and Law,2011(06):3-6+142.

Liang H M, Guanyi W. The impact of fiscal decentralization and promotion incentives on local government debt size - based on mediation effect model[J]. Financial Supervision, 2019 (16): 75-81.

Liu Z Y, Zhibin C. Research on the Impact of Local Government Debt Scale Expansion-Empirical Evidence Based on Provincial Local Government Urban Investment Debt[J]. East China Economic Management,2015,29(11):96-101.

Montes G C, Bastos J C A, de Oliveira A J. Fiscal transparency, government effectiveness and government spending efficiency: Some international evidence based on panel data approach [J]. Economic Modelling, 2019,79: 211-225.

Pan J, Xinglong y, Yaxing W. Fiscal decentralization, fiscal transparency and local government debt financing[J]. Journal of Shanxi University of Finance and Economics, 2016, 38 (12): 52-63.

Xiao P, Chuan Y. Study on the Driving Factors and Path Choice of China's Fiscal Transparency Enhancement-Empirical Analysis Based on Panel Data of 28 Provinces, [J]. Comparison of economic and social systems, 2013(04):199-206.

Xiao P, Rong F. Research on Local Fiscal Transparency under the Perspective of Debt Control-Based on the Empirical Analysis of 30 Provincial Governments from 2009-2015[J] Fiscal Research, 2019(7):60-70.

Yamamura E, Kondoh H. Government Transparency and Expenditurein the Rent‐Seeking Industry: The Case of for 1998–2004[J]. Contemporary Economic Policy,2013,3,(13):635-647.

Downloads

Published

31-01-2024

Issue

Section

Articles

How to Cite

Yao, H. (2024). Study of the Impact of Fiscal Transparency on Local Government Debt. Journal of Innovation and Development, 6(1), 1-4. https://doi.org/10.54097/uundg8ve