The impact of local debt on the high-quality development of the local economy

HIGHLIGHTS

• What: Domestic scholars Chen Shiyi , based on a comparative analysis of the theoretical model of three-sector abandonment, the results of the study show an "inverted U-shaped" pattern of association between local government debt and economic growth. 4.2.1 Alternative Instrumental Variable Total factor productivity was selected as a proxy indicator for measuring the level of high-quality development and conducting robustness tests, even with the substitution of explanatory variables, the results of the study show that the positive impact of local government debt on high quality economic development remains significant and unchanged.
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