Impact of the Real Estate Bubble on Local Government Debt —Empirical Evidence from China
Published online on January 28, 2026
Abstract
Public Finance Review, Volume 54, Issue 3, Page 327-360, May 2026.
The economic development of China has typically been characterized by the expansion of local government debt alongside the rising risk of a real estate bubble. However, literature that empirically analyzes the risk transmission path between the two ...
The economic development of China has typically been characterized by the expansion of local government debt alongside the rising risk of a real estate bubble. However, literature that empirically analyzes the risk transmission path between the two ...