地方政府融资平台风险防范研究国民经济学专业论文.docxVIP

Contents1 Contents 1 Introduction ‘1 1．1Backgrotmd and significance ofthe research ·‘1 1．2Defmitionofthe researchobject ··2 1．3Researchmethods ·3 1．4S廿ucture ofthepaper 4 2 Related literature review and theory ·6 2．1Relatedliterature review 一6 2．1．1Abroad research status 6 2．1．2Domestic research situation 6 2．2Theory 一8 2．2．1Public choicetheory ··8 2．2．2SoRbudgetconstrainttheory ‘8 2．2．3rnleprincipal-agent theory ‘9 2．2．4Local government competitiontheory 。lO 3 The present situation of local government fmancing platform risk ·‘1 2 3．1The present situation oflocal government financing platform risk ·-12 3．1．1朋1e financing risk 12 3．1．2The income risk 14 3．1．3The solvency risk ·15 3．2Analysis on risk factors of local government financing platform ·1 8 3．2．1Internal factors analysis ··18 3。2。2External factors analysis ··18 3．3鼬skconductionmechanism ‘19 4 The causes and transmission mechanism of Local government financing platform risk ‘23 4．1 Analysis on the causes of excessive financing of local government financing platform ·‘23 4．1．1Based on opportunism ‘23 4．1．2Based on principal-agent theory ·‘24 4．1．3Basedongametheory ’24 4．1．4Basedon costbenefitanalysis 。27 III 万方数据 5 5 Experiences and lessons from foreign governments to prevent financing risk’’29 5．1American experience ·29 5．2Australianexperience 30 5．3Britishexperience ··30 5．4Japanese experience ··31 6 The policy recommendations on Prevention of local government financing platform risk ·32 6．1，nle main conclusions 32 6．2Relevantpolicy recommendations ·32 6．2．1，玎1e macro-leve 32 6．2．2’nle meso—leve ·34 6．2．3The micro．1eve ·35 References ·36 Acknowledgments 39 IV 万方数据 摘要我国地方政府融资平台自20世纪80年代便开始出现，先后经历了萌芽期、 摘要 我国地方政府融资平台自20世纪80年代便开始出现，先后经历了萌芽期、 起步期、扩张期、急剧膨胀期。其在加快基础设施建设、督促产业升级、扩大国 内需求等方面均发挥着重要的作用，但自2008年全球经济危机爆发以来，我国为 应对危机，保持经济平稳增长，放宽了平台的设立条件，甚至鼓励各地政府通过 搭建平台筹集资金以配合中央政府积极财政政策。在此背景下，地方政府融资平 台发展乱象丛生，出现了诸如公司治理结构不规范、融资结构不合理、融资规模 过大等一系列问题，给我国经济的稳健运行带来了不小隐患，其出现的问题及风 险防范应当受到各级部门的高度关注。 本文以地方政府融资平台风险为研究对象，从以下几个方面对其进行了深入