Analysis of Affecting Factors of China's National Debt

DOI

10.2991/emcs-16.2016.58How to use a DOI?

Keywords

National debt scale; Economic growth; Inverted U; New economic normality; Debt risk

Abstract

How to adjust China’s national debt under the background of the new economic normality Firstly, an empirical analysis was put forward about the impact of government debt on economic growth. Secondly, on the base of theoretical analysis, the paper studied the main factors that influence the scale of treasury bonds in different stages by piece-wise regression based on the data in 1994-2013. The results showed that there is an "inverted U" relationship between government debt and the GDP, and the main factors of China’s debt are the size of our national debt budget deficit, debt accumulated balance and household savings deposits. Bond issue size is not the bigger the better. The government can adjust the issuance of treasury bonds through the fiscal deficit, the cumulative balance of national debt and residents’ savings deposits.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Yinguo Li
AU  - Tingting Li
PY  - 2016/01
DA  - 2016/01
TI  - Analysis of Affecting Factors of China's National Debt
BT  - Proceedings of the 2016 International Conference on Education, Management, Computer and Society
PB  - Atlantis Press
SP  - 238
EP  - 242
SN  - 2352-538X
UR  - https://doi.org/10.2991/emcs-16.2016.58
DO  - 10.2991/emcs-16.2016.58
ID  - Li2016/01
ER  -