Empirical Analysis Of The National Debt

With the increase of China's government debt issuing volume and government bond accumalation, the importance of analyzing government bond scale is becoming obvious. Government bond scale is an important part of China's government bond policy and will influence the stability of China's financial market's operation. At present, China calls for further development of financial markets, which adds new significance of analyzing government bond scale. The paper establishes a theoretical model and conduct a positive ressarch on it, also uses regression analysis and partial correlation to research the issuing volume and accumulating scale. The important factors to affect government bond scale is fiscal deficit and government bond interest rate . Combining government bond scale, currency flow volume and crowding out effects ,the paper puts forward to control China's government bond scale.