Dynamic Analysis of Endogenous Growth Models with Fiscal Decentralization and Local Government Debt

DOI

10.2991/sshme-16.2016.43How to use a DOI?

Keywords

Endogenous growth, fiscal decentralization, local government debt

Abstract

The government debt issues have received extensive attention around the world. Basing on endogenous growth theory, this study uses the Hamilton function method to obtain the explicit solution of fiscal revenue decentralization, fiscal expenditure decentralization, and local government debt. Through partial derivative, our findings demonstrate the following: fiscal revenue decentralization has a negative effect on local government debt; fiscal expenditure decentralization has a positive effect on local government debt. Finally, policies and recommendations are proposed.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Jun He
AU  - Liang-Liang Liu
AU  - Su Cao
AU  - Yu-Juan Zhang
AU  - Shu-Yi Tang
PY  - 2016/06
DA  - 2016/06
TI  - Dynamic Analysis of Endogenous Growth Models with Fiscal Decentralization and Local Government Debt
BT  - Proceedings of the 2016 International Conference on Social Science, Humanities and Modern Education (SSHME 2016)
PB  - Atlantis Press
SP  - 219
EP  - 223
SN  - 2352-5398
UR  - https://doi.org/10.2991/sshme-16.2016.43
DO  - 10.2991/sshme-16.2016.43
ID  - He2016/06
ER  -