Bai, Yun; Xu, Jia; Jin, Chun - In: Borsa Istanbul Review 24 (2024) 5, pp. 1059-1066
In recent years, economic research has increasingly focused on the increase in local government debt, attracting the … attention of government regulators. Using data from 2006 to 2022, this study empirically examines how local government debt … affects financing activities. The results reveal local government debt' s crowding-out effect on financing, particularly for …