Social Sciences
8 years ago

Institutional Factors Key to Solving Local Government Finance Crisis

Journal of North China Institute of Water Conservancy and Hydroelectric Power
The Institutional Analysis of the Local Government Financing System
Juanjuan Li

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The local government finance and debt issues are serious due to institutional factors like government intervention and investment models. To address this, actions like reducing government intervention, changing economic development models, and reforming infrastructure investments are needed.