地方政府债务风险对共同富裕的影响效应研究  

Research on the Impact of Local Government Debt Risks on Common Prosperity

作　　者：李永海 杨帆 LI Yonghai;YANG Fan(School of Public Finance and Taxation,Lanzhou University of Finance and Economics,Lanzhou Gansu 730020,China)

机构地区：[1]兰州财经大学财政与税务学院,甘肃兰州730020

出　　处：《金融理论与教学》2025年第1期56-68,共13页Financial Theory and Teaching

基　　金：国家社会科学基金一般项目“减税降费背景下地区税收流失规模测度与合作治理研究”(20BJY230);甘肃省基础研究计划-软科学专项“甘肃省基本公共服务均等化推进共同富裕的实现路径研究”(24JRZA086)。

摘　　要：地方政府债务风险防范化解对于我国统筹发展和安全,推动共同富裕意义重大。研究基于2015—2022年我国31个省份数据构建综合指标体系,测算地方政府债务风险与共同富裕水平,考察地方政府债务风险对共同富裕的影响效应。研究发现:地方政府债务风险会通过收入再分配效应和经济资源错配效应对共同富裕产生抑制作用。异质性分析表明地方政府债务风险在乡村振兴程度低、隐性债务规模大、创新活力匮乏的地区对共同富裕的负面影响更为显著。基于上述研究,地方政府应控制债务规模,加大对乡村建设与企业创新的投资和信贷支持力度,逐步化解清零表外隐性债务以扎实推动共同富裕。The prevention and resolution of local government debt risks is of great significance for the overall development and security of China and the promotion of common prosperity.Based on the data of 31 provinces in China from 2015 to 2022,the paper constructs comprehensive index systems to measure the level of local government debt risks and common prosperity and examine the impact of local government debt risks on common prosperity.The study finds that local government debt risks can inhibit common prosperity through income redistribution effects and economic resources misallocation effects.Heterogeneity analysis shows that the negative impact of local government debt risks on common prosperity is more significant in regions with low levels of rural revitalization,large-scale implicit debts,and lack of innovation vitality.Based on the above research,local governments should control the scale of debts,increase investment and credit support for rural construction and enterprise innovation,and gradually resolve and eliminate off-balance-sheet implicit debts to solidly promote common prosperity.

关 键 词：地方政府债务风险 共同富裕 收入再分配 资源配置 

分 类 号：F812.45[经济管理—财政学] F126