Abstract Tthe paper established a credit risk assessment model based on the idea of element extension, and then conducted an empirical study by economic and fiscal datas of 31 provinces in China in 2011. The empirical result shows that there are 24 local government in speculative grade and 7 in investment grade.Specifically,there are 22 local government in high-risk areas,2 in moderate-risk,2 in low-risk and 5 riskless.It needs efforts from ministry of finance,investors and local goverments to control the credit risk of local government.
LI Xi-Chao,LIAO Qi-Ling,DU Yi-Cheng. Local Government Credit Risk Assessment andCountermeasures Based on Element Extension Model. Economic Survey, 2016, 33(4): 0133.
2016, Vol. 33 
