Cheng, Tingting; Qiu, Liping; Chen, Jianbao - 2023
This paper examines the nexus between local government debt and economic growth in China. Particularly, we investigate … whether there exists a debt-threshold effect on economic growth and the long-run effect of debt increase on economic growth … existence of a tipping point about 40%. We also find the threshold value for the local government general debt is 60%, while the …