地方投融资平台风险及化解对策分析-企业管理专业论文.docxVIP

华中科技大学硕士学位论文 华 中 科 技 大 学 硕 士 学 位 论 文 II II 理。因此，最后本文归纳了在地方政府和中央两个不同的层面，在处理地方政府债 务时都有哪些对策，并提出了相关建议。 关键词：地方投融资平台 问题和风险 案例分析 面板回归 III III Abstract The intensified European debt crisis adds concerns to the government debt problem; and recently the debt problem of all level government in our country also attracts people’s attention. Though China’s laws and regulations about local government debt are very restrictive, the local government borrowed a lot of debt through local investment and financing platform, both directly and indirectly. Nowadays, the local government debt risk has appeared, the potential risk cannot be ignored. And the existing research tends to qualitative analysis of the macro policy; this paper will base on the qualitative analysis of case study, and then make a quantitative analysis about the rational scale of debt that the local government can bear, thereafter come up with some suggestions to resolve the local government debt risk. This paper first introduces the basic situation and the risk prevention measures about the local government debt in China, Japan and USA, and then it makes a comparative analysis among the three countries.Take the Hubei Province as an example, analyze the problems and the risk of local investment and financing platform, and put forward some of the recommendations. We collected a total of 786 of the world’s 63 major countries or regions unbalanced panel data analysis from the quantitative aspects as samples were fixed and random effects panel analysis. Panel data easy heteroscedasticity and autocorrelation FGLS to estimate the error term presence of first order autocorrelation , individual errors exist heteroscedasticity or ultimately the difference of the results of three different methods small, the robustness of the final model estimation results . The proportion of estimated results show that : EtoG ( fiscal expenditure accounted GDP of specific gravity ) and Self ( financial self-sufficiency rate ) in 1% of the signi