A Study on the Regional Differences in the Efficiency of Local Government Debt Expenditure in China: Based on the Analysis of DEA Modal Before and after the Implementation of the New Budget Law
A Study on the Regional Differences in the Efficiency of Local Government Debt Expenditure in China: Based on the Analysis of DEA Modal Before and after the Implementation of the New Budget Law
ZHANG Zirong
School of Finance, Taxation and Public Administration, Shanghai Lixin University of Accounting and Finance, Shanghai 201620, China
Abstract Based on the data of local government debt balance in China from 2012-2018, this paper uses the DEA model to analyze the regional differences in the efficiency of local government debt expenditure.The empirical results show that, on the whole, the implementation of the new budget law is conducive to the improvement of the efficiency of local government debt expenditure, but there are obvious regional differences. And the efficiency of local government debt expenditure in the central region and most of the eastern regions shows a trend of improvement, the expenditure efficiency of most western regions shows a downward trend. Therefore, we should continue to strengthen local government bond financing, select differentiation strategies according to regional differences and focus on the efficiency of debt expenditure in the western region.In addition, it is necessary for us to control the scale of local government debt and improve its efficiency in the western region.
ZHANG Zirong. A Study on the Regional Differences in the Efficiency of Local Government Debt Expenditure in China: Based on the Analysis of DEA Modal Before and after the Implementation of the New Budget Law. Economic Survey, 2021, 38(2): 0141.
2021, Vol. 38 
