| In traditional economics studies, scholars have different opinions for the problemof the relationship between the government and the market. To sum up,it can bedivided into active role theory put forward by Keynesian, represented by ricardianequivalence theorem of neutral theory and represented by new classical economicstheory of negative effect.From the practice of recent years,the economic crisisresponsed to local governments by issuing debt means,promoting regional economicgrowth phenomenon increasingly common, the resulting of government debt problemis becoming more and more widespread concern.This paper discusses the situation oflocal government debt in Jilin Province from the angle of economic growth, discussesand analyzes local government debt in jilin province and the economic growthsituation based on existing data starting from the two aspects of theory andpractice,Making every effort to draw that the effect of debt for economic growth. Thispaper is divided into five chapters:The first chapter,we introduce the relevant concepts and theories. This paperfirst introduces the related concepts of local government debt, including the definitionof local government debt, characteristics and classification. Then combed themechanism of local government debt on economic growth effect of related theory,including the positive role of Keynesian theory, neutral ricardian equivalence theoremand the theory of the negative effect of the neoclassicism. Finally introduces theempirical research results at home and abroad,scholars put forward the linearrelationship, nonlinear relation and many other conclusions based on differentsamples.The second chapter,we systemly introduce the history and current situation of economic development in jilin province. Combed the jilin province economic growth,economic structure, leading industry and the development of foreign economic sincereform and opening-up, and summarize the jilin province economic development inthe new situation in recent years. Finally,we put forward some problems that exist inthe jilin province economic development.The third chapter, we comb the debt situation of jilin provincedetailely.Firstly,we clarify the local government debt issuance of history and thechange trend of Jilin province.Then, we analyze the jilin province local governmentdebt scale and mechanism from the angle of the total amount and structure.The fourth chapter, this paper discusses the effects of local government debt oneconomic growth in jilin province. Local government debt is firstly qualitativediscussed of jilin province’s positive influence and negative influence on economicgrowth and discusses the influence of limitations.It does not achieve the desired levelbecause of the particular money and impact on the economic growth of theconduction path although theoretically exist positive impact. Then, we chooseappropriate variable and collecte of nine city,we quantitative analysis in using paneldata model based on2000-2012of relevant data of jilin province.The fifth chapter,we concluse: jilin province local government debt will bepromoteful for economic growth,however,the correlation coefficient is small based onthe above qualitative and quantitative analysis. It mainly dues to the governmentservice efficiency of funds is low and there is no industry pushing effect of theprovince,so promoting economic utility is limited. We gives policy suggestions:Firstly,we should consider the actual situation, reasonable and appropriate to issue debt.Secondly, we should clarify the relationship between government and market, thegovernment’ investion should also under the framework of market operation toachieve. Finally, we suggest to improve the standardization of the debt managementlevel,establish the risk early warning system, so as to reducing the financial risk. |
PDF Full Text Request