Publication in refereed journal
香港中文大学研究人员 ( 现职)
| 崔启源教授 (经济学系) |
全文
| 数位物件识别号 (DOI) http://dx.doi.org/10.2747/1539-7216.52.5.686 |
引用次数
Web of Sciencehttp://aims.cuhk.edu.hk/converis/portal/Publication/22WOS source URL
Scopushttp://aims.cuhk.edu.hk/converis/portal/Publication/25Scopus source URL
其它资讯
摘要A noted Hong Kong-based economist addresses the emerging financing problems prompted by debt-laden local governments in China in the aftermath of the global financial crisis. More specifically, using the most recent data available, he traces the root of China's local debt overhang to a protracted debt-financed infrastructure investment boom in which several key institutions (the cadre evaluation system, the land management regime, and the banking sector) have created an environment that draws local governments into a land-infrastructure-leverage trap. The author argues that the resulting high levels of debt may ultimately impede the country's efforts to mitigate structural imbalances in its economy. Journal of Economic Literature, Classification Numbers: H600, H700, P200, P300. 3 figures, 9 tables, 121 references.
着者Tsui K.
期刊名称EURASIAN GEOGRAPHY AND ECONOMICS
出版年份2011
月份9
日期1
卷号52
期次5
出版社V.H. Winston and Sons, Inc.
出版地United States
页次686 - 711
国际标準期刊号1538-7216
语言英式英语
关键词Chinese political economy, infrastructure boom, land management system, leveraging, local financing platforms, structural imbalances
