The prevention and resolution of local government debt risks is of great significance for the overall development and security of China and the promotion of common prosperity.Based on the data of 31 provinces in China from 2015 to 2022,the paper constructs comprehensive index systems to measure the level of local government debt risks and common prosperity and examine the impact of local government debt risks on common prosperity.The study finds that local government debt risks can inhibit common prosperity through income redistribution effects and economic resources misallocation effects.Heterogeneity analysis shows that the negative impact of local government debt risks on common prosperity is more significant in regions with low levels of rural revitalization,large-scale implicit debts,and lack of innovation vitality.Based on the above research,local governments should control the scale of debts,increase investment and credit support for rural construction and enterprise innovation,and gradually resolve and eliminate off-balance-sheet implicit debts to solidly promote common prosperity.
; 杨帆
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