Dissertation > Political, legal > China's political > Political system and national institutions > Local people's governments

The Study of the Local Government Liabilities from the View of Public Choice

Author QiuLin
Tutor WeiLu
School Shanghai Jiaotong University
Course Administration
Keywords Public Choice Local government Government debt
CLC D625
Type Master's thesis
Year 2011
Downloads 493
Quotes 4
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Although our current budget law , \The long-term accumulation of local government debt has become the number one killer of threat to our present economic security and social stability . To explain the causes of the local government debt , the introduction of the \officials at the local primary political market , local policies supply market and local implementation of policies in the market behavior . Derived by analyzing our current cadre examination and appointment system , officials imperfections and lack of oversight constraint system and government information disclosure system behavior of bounded rationality local officials pursue personal interests generate perverse incentives and leave the rent-seeking space generation , the final performance of the local government debt risk and expand . Therefore , from the roots to prevent and resolve the problem of local government debt , must compensate for the deep-rooted institutional deficiencies start to accelerate improvements cadres test any system , strengthen supervision and restraint mechanisms to increase the transparency of government information .

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