Government Credit Research

Government credit get increasing people's attention since reforming and opening up, along with economic growth, overall national strength and people's standard of living improvement. Government credit means that as economic managers, the provision of public goods, and an independent economic body, the state administrative organs perform the contract and make public confidence in the conduct and quality in its management activities, service activities, supply and trading behavior.In modern society, Government credit is the core of social credit. Good government credit benefit the reflection of the government's legitimacy and authority; contribute to the shaping of modern government's good social image, and contribute to improving administrative efficiency and public service level, contribute to the stability of the rational expectations of the public, reducing the transaction costs between government and other economic activities, and be beneficial to the whole credit system for the establishment and perfection.The articles regard Marxist economics as a guide and discuss the issue of government credit with making full use of modern economics research methods. Firstly, the theory and practice are combined. This paper researches political agency chain of the Chinese government organs, analyses the role of the government authorities and government economic officials, and reveals the lack of credibility of the government and economic system causes. Secondly, the methods of normative and empirical analysis are combined. The author introduce empirical analysis when conduct regulatory research, try to avoid generalities, and ensure the process of research and conclusion to be scientific, reliable, and have a certain value. Thirdly, the internal analysis and external analysis are integrated. Proceeding from China's national conditions, the author pay attention to the experience both of developed and developing countries, obtain useful insights for building our government credit. Finally, the theories of different discipline are integrated. The author use multidisciplinary knowledge in comprehensive study, such as the principal-agent theory, the system changes theory, the game theory, Information Economics, and legal theory, political theory, enrich the research methods of the thesis.The author regarded the government credit as a continuing study. In the introduction, the author put out the topic first, then analyses the reason of studying government credit. The author reviewed the research literatures about the government credit systematically and drew the conclusion that previous research not only has merit and had also received some success, but also has some shortcomings. In the background of governing country by law"and establishing an "effective government", looking at the issue of government credit, exploring the reasons for bad government credit and how to reshape the government credit, is of great practical significance.For an in-depth research about the government credit issue, the author give the definition of credit, government credit, government credit risks and state credit firstly in the first part, and point that three characteristics of government credit are collective, public and strong. Section two is about the government's own characteristics. Government has its own economic interests and what the government can do is to make its own interests coordinate with public interests farthest. Section two also recalled the other countries'attempts to reform the government in recent years. The topic of section three is the authoritative government credit evaluation methodologies, then the author extract five factors on that basis and establish a macroeconomic model to evaluate the government credit.Chapter two discusses the relationship between government credit and rent-seeking & corruption. Firstly, the writer regard rent-seeking as a economic phenomenon and analyses it from the angle of the causes, mechanisms and consequences, the generation mechanism, causes and dangers to society of the corruption. The United Kingdom, the United States, Hong Kong anti-corruption initiatives and the international community in combating corruption in the effective cooperation are included in the appendix. This chapter focuses on the last rent-seeking, corruption and other acts of government credit inherent link that the rent-seeking & corruption is the external reasons of the lack of credibility, and rational individual and collective reason of conflict is an inherent lack of credibility causes. Every government in the implementation of a policy is the policy makers and those who participate in the implementation of the completion, is a collective action and individual action collective rationality and rational individual game results that rational individual and collective rational conflict is the lack of credibility led to the underlying reasons .Paper III discusses government credit and the fair supply of public goods. Section I point out that the government credit has the inherent nature of the fair, the exposition of public goods and equitable relations, Description of the government acts supply four models: the good fairy model, the semigood fairy model, the uncertain world model and the wicked witch model , and analysis of the role of the political market to the impact of government credit. Section II focuses fair supply of rural products to the shaping of public credibility significance expounded rural inadequate supply of public goods, the history and current situation and to analyze the reasons for the shortage of supply, put out the government to supply rural public product measures.The final part of the article discusses the government credit and system deficiencies. The writer believes that the improper use of government credit, the loss of credibility, can be researched from the point of view of the system. This part discusses government organizations - tier system, the public power agency system. and pointes that the government credit is a public product, is a system supply, then change the system from the perspective of an analysis of the government credit for shaping and the importance of preserving. This part describes the lack of credibility of the government's performance, as well as against the lack of government's government credit system root, and that the supply system for innovation to enhance their credibility. The chapter concludes that use innovation to improve the supply system and to protect the government credit. This requires the establishment of a government credit restraint and incentive mechanism, and improvement of a social credit system.The following thesis is innovation. Firstly, this dissertation analyze the Chinese government agency (public-local people's congresses-NPC-central government-local government).This paper point that the establishment of the government credit in the lower house of information collection, transmission costs of the important role, multi-angle analyze the reasons for the lack of government credit, and redefine the government credit: Economics sense, the government credit means that as economic managers, the provision of public goods, and an independent economic body, the state administrative organs perform the contract and make public confidence in the conduct and quality in its management activities, service activities, supply and trading behavior. Secondly, this paper is an in-depth study of the Chinese government credit existence of the problem, namely economic and the political identity of the person double inherent conflict, Individual and Collective Rationality in the conflict, the development process of the supply system. Thirdly, with game theory methods, this paper analyses government officials as a political and economic agents who double as the conflict with the intrinsic link (personal political preferences and the economy Preference). The government's policy shift is the implementation of public goals and objectives of the private inconsistency, analyze credit game between the individual and the organization, the government.