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Local Government Debt and Growth Convergence

SSRN Electronic Journal, 2021
The link between public debt and growth has long been discussed. This paper evaluates the effect on growth convergence from local government debt using a panel data of 276 Chinese cities. Our results show that Chinese local government debt hike since 2008 had a robust positive effect on growth convergence.
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Debt and the Local Economy: Problems in Benchmarking Local Government Debt Affordability

Public Budgeting & Finance, 2002
Debt creation imposes an obligation to repay borrowed funds from a wealth base that for most local governments is capitalized in property values. Therefore, the ability to afford debt is tied to the local economy, a factor often overlooked by localities in the analyses of their own position.
W. Bartley Hildreth, Gerald J. Miller
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On the China's Local Government Debt Risk

SSRN Electronic Journal, 2013
This paper, the formation, scale and constitution of China's local government debt are discussed. The status of various assets available for repayment is thoroughly analysed, including fiscal revenue, government fund revenue, state-owned enterprise profit, state-owned enterprise net assets, state-owned non-operating assets and resource assets.
Qiao Yu, Wei Fan
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The Public Debt of French Local Government

Journal of Public Policy, 1985
ABSTRACTAfter a sharp increase, the public debt of French local communities has been stabilized in real terms: its amount reached 54 per cent of total public debt in 1980. In the French institutional framework, local government borrowing policy is under the tight control of central agencies.
Pierre-Henri Derycke, Guy Gilbert
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