Econometric Analysis of Local Government Investment Efficiency and the Debt Risk Based on the DSGE Model
Journal of Finance and Accounting
Volume 5, Issue 1, January 2017, Pages: 56-60
Received: Feb. 9, 2017; Published: Mar. 1, 2017
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Authors
Zhi-qi Zhu, Tianjin University of Finance and Economics, Tianjin, P. R. China
Ke Gao, Central University of Finance and Economics, Beijing, P. R. China
Tao Wang, Central University of Finance and Economics, Beijing, P. R. China
Nan Bai, Renmin University of China, Beijing, P. R. China
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Abstract
This paper examines the relationship between the efficiency of government investment and the debt risk from a theoretical perspective. By building a DSGE model, we introduced the impact of government financial investment, and investigated the change of debt risk under different government investment efficiency. From the model, we observed a obvious reverse effect bwteen the the government investment efficiency and debt risk. Finally, according to research conclusions, we put forward some Suggestions.
Keywords
DSGE Model, Local Government Debt, Government Investment Efficiency, Government Debt Risk
To cite this article
Zhi-qi Zhu, Ke Gao, Tao Wang, Nan Bai, Econometric Analysis of Local Government Investment Efficiency and the Debt Risk Based on the DSGE Model, Journal of Finance and Accounting. Vol. 5, No. 1, 2017, pp. 56-60. doi: 10.11648/j.jfa.20170501.15
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