Public authorities are required by Section 2800 of Public Authorities Law to submit annual reports to the Authorities Budget Office that includes debt information. The dataset consists of new debt iss
This study employs a CES production function to construct a theoretical model of labor income share and uses a two-way fixed effects model to test the causal effects of local government debt (LGD) on
This is replication data for "Countercyclical Central Government Transfers Incentivize Local Government Over-Borrowing: Theory and Evidence from China"