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引用次数: 0
摘要
累积的地方政府债务将改变政府的财政行为，并在一定程度上进一步影响区域环境绩效。然而，关于地方政府债务压力（LGDP）如何影响绿色转型的文献却很少。通过用绿色全要素生产率（GTFP）来衡量绿色转型，我们分析了 LGDP 对 GTFP 的影响。我们发现，地方政府债务压力大大降低了 GTFP。这种负面影响是通过减少绿色创新和放松环境监管产生的。此外，在治理、发展和环境保护工作薄弱的城市，负面影响会更加明显。最后，加强市场化、降低 GDP 增长目标和减轻税收负担可以减轻地方政府发展计划对 GTFP 的不利影响。本研究的结论为适当的政府债务治理提供了理论支持，对发展中国家的绿色可持续发展具有重要的现实意义。
Does local government debt pressure hamper green transition? Evidence from China
The accumulated local government debt will change government fiscal behavior, which will further impact regional environment performance to a certain extent. However, the literature on how local government debt pressure (LGDP) affect green transition is scarce. By measuring the green transition by green total factor productivity (GTFP), we analyze the effect of LGDP on GTFP. We find that LGDP significantly reduces the GTFP. The negative effect acts through reducing green innovation and loosing environmental regulation. In addition, the negative impact will be more pronounced in cities with weak governance, development, and environmental protection efforts. Finally, enhancing marketization, lowering GDP growth target, and reducing tax burdens can alleviate the adverse effect of LGDP on GTFP. The conclusions of this study provide theoretical support for appropriate government debt governance and have important practical significance for green sustainable development in developing countries.
期刊介绍：
Economic Analysis and Policy (established 1970) publishes articles from all branches of economics with a particular focus on research, theoretical and applied, which has strong policy relevance. The journal also publishes survey articles and empirical replications on key policy issues. Authors are expected to highlight the main insights in a non-technical introduction and in the conclusion.
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