Analysis on the Utilization Efficiency and Influencing Factors of Local Government Debt Based on DEA Model

摘要

Local government debt reform is an important part of supply-side structural reform. Accelerating the deleveraging of local government debt, and improving the utilization efficiency of local government debt can provide a good financial environment for the implementation of supply side structural reform. Based on the DEA method, this paper has measured the utilization efficiency of local government debt investment output level, and analyzed the mechanism of local government debt scale and utilization efficiency from the perspective of economic cycle fluctuation, supply and demand, speculative demand, performance-driven mechanism and financial system. Finally, the paper puts forward some pertinent suggestions.