地方政府专项债务支出效率研究

Research on the efficiency of local government special debt expenditure

科学评价地方政府专项债务支出效率,有利于提升地方政府社会治理能力。本文以地方政府治理职能为导向,构建投入产出指标体系,利用三阶段DEA模型及Malmquist指数模型对我国地方政府专项债务支出效率进行测算。研究发现:地方政府专项债务支出效率呈现先上升后下降并逐步稳定的趋势,制度改革、专项债务管理等技术进步层面因素是提高效率的重要着力点;地区间效率水平相差较大,经济越发达的地区纯技术效率水平越高,规模效率越低,西部地区的外部环境水平最差。就地方政府专项债务管理优化提出建议:即采取差别化规范政策、完善专项债用作项目资本金、持续推进财政体制改革。

Scientific evaluation of the efficiency of local government special debt expenditure is conducive to improving the social governance ability of local governments.Based on the governance function of local government,this paper constructs the input-output index system,and uses the Three-stage DEA model and Malmquist index model to calculate the efficiency of special debt expenditure of local governments in China.It is found that the efficiency of local governments special debt expenditure increases first and then decreases,and gradually stabilizes,technological progress factors such as system reform and special debt management are important points to improve efficiency;The efficiency level varies greatly among regions.The more developed the economy is,the higher the pure technical efficiency level is,the lower the scale efficiency is,and the external environment level of the western region is the worst.Give suggestions on the optimization of local government special debt management:adopt differentiated and standardized policies,improve the use of special debt as project capital,and continue to promote the reform of financial system.