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<section style="margin-top: 10px;font-size: 16px;white-space: normal;box-sizing: border-box;margin-bottom: 10px;"><section style="padding: 10px;width: 578.182px;vertical-align: top;display: inline-block;box-sizing: border-box;"><section powered-by="gulangu" style="border-radius: 0px 10px 10px;border-width: 0px;border-style: initial;border-color: rgb(62, 62, 62);width: 558.182px;vertical-align: top;display: inline-block;box-sizing: border-box;box-shadow: rgb(201, 231, 255) 0px 0px 10px;background-color: rgb(246, 253, 255);"><section powered-by="gulangu" style="margin-top: -5px;margin-bottom: 5px;text-align: left;box-sizing: border-box;transform: translate3d(-5px, 0px, 0px);justify-content: flex-start;"><section style="border-radius: 8px;border-width: 0px;border-style: initial;border-color: rgb(62, 62, 62);width: 558.182px;overflow: hidden;vertical-align: top;display: inline-block;box-sizing: border-box;box-shadow: rgb(212, 236, 255) 0px 0px 10px;background-color: rgb(245, 253, 255);"><section powered-by="gulangu" style="margin-top: 10px;margin-bottom: 10px;box-sizing: border-box;"><section style="padding-right: 20px;padding-left: 20px;text-align: justify;color: rgb(55, 55, 74);line-height: 1.8;letter-spacing: 1.8px;font-size: 15px;box-sizing: border-box;"><p style="box-sizing: border-box;"><span style="font-size: 14px;letter-spacing: 1.8px;">本文刊于《学术论坛》杂志20</span><span style="font-size: 14px;letter-spacing: 1.8px;">20年第2期</span><br  /></p><section style="text-align: center;margin-bottom: 15px;"><span style="font-size: 15px;color: rgb(121, 123, 170);"><strong>金融社会学专题：地方政府与金融治理</strong></span></section><p style="box-sizing: border-box;"><img class="rich_pages" data-ratio="0.724609375" data-s="300,640" src="http://mmbiz.qpic.cn/mmbiz_jpg/QX2ynuhBL9J7RW9VEUlyj7OA0kejBMY3FpJXqhNtSZc4diaLoKwPlzDo6dF87kQe0YfmOEufZQic6glYHD4N1MRA/640?wx_fmt=jpeg" data-type="jpeg" data-w="1024" style="text-align: center;letter-spacing: 1.8px;"  /></p></section></section></section></section></section></section></section><section powered-by="gulangu" style="white-space: normal;text-align: right;color: rgb(89, 89, 89);font-size: 14px;box-sizing: border-box;"><p style="text-align: left;box-sizing: border-box;"><br  /></p></section><section powered-by="gulangu" style="margin-bottom: 20px;font-size: 16px;white-space: normal;text-align: center;box-sizing: border-box;"><section style="padding: 20px 10px 10px;border-radius: 5px;border-width: 0px;border-style: initial;border-color: rgb(62, 62, 62);width: 555.043px;height: auto;overflow: hidden;vertical-align: top;display: inline-block;box-sizing: border-box;box-shadow: rgb(173, 173, 173) 0px 0px 5px;background-color: rgb(255, 255, 255);"><section powered-by="gulangu" style="color: rgb(0, 154, 215);line-height: 1.6;letter-spacing: 1.8px;font-size: 18px;box-sizing: border-box;"><p style="box-sizing: border-box;"><strong style="box-sizing: border-box;">制度环境、资源特征与化债选择 </strong></p><section style="box-sizing: border-box;margin-bottom: 15px;"><span style="font-size: 15px;"><strong style="box-sizing: border-box;">——地方政府债务化解的社会学分析</strong></span></section><p style="box-sizing: border-box;"><span style="font-size: 15px;"><strong style="box-sizing: border-box;"><span style="color: rgb(0, 0, 0);font-size: 14px;letter-spacing: 1.8px;text-align: center;background-color: rgb(255, 255, 255);">张惠强</span></strong></span></p></section></section></section><section powered-by="gulangu" style="font-size: 16px;white-space: normal;box-sizing: border-box;"><p style="box-sizing: border-box;"><br style="box-sizing: border-box;"  /></p></section><section powered-by="gulangu" style="margin-bottom: 20px;font-size: 16px;white-space: normal;text-align: center;box-sizing: border-box;"><section style="padding: 20px 10px 10px;border-radius: 5px;border-width: 0px;border-style: initial;border-color: rgb(62, 62, 62);width: 555.043px;height: auto;overflow: hidden;vertical-align: top;display: inline-block;box-sizing: border-box;box-shadow: rgb(173, 173, 173) 0px 0px 5px;background-color: rgb(255, 255, 255);"><section powered-by="gulangu" style="text-align: justify;line-height: 1.6;letter-spacing: 1.8px;font-size: 15px;box-sizing: border-box;"><p style="box-sizing: border-box;"><strong><span style="font-size: 14px;letter-spacing: 1.8px;">[摘  要]</span></strong><span style="font-size: 14px;letter-spacing: 1.8px;">在监管趋严、预算管制不断强化的条件下，我国地方政府普遍开展债务化解处置工作。</span><span style="font-size: 14px;letter-spacing: 1.8px;">基于各地政府的化债实践，本文概括了三类主要经验，即盘活沉睡资源、调整举债主体以及破产清算重组。</span><span style="font-size: 14px;letter-spacing: 1.8px;">进一步，本文试图探讨为什么不同的地方政府往往会选择不同的化债方式。</span><span style="font-size: 14px;letter-spacing: 1.8px;">研究表明，地方政府的化债方式与其所拥有的资源特征之间具有一定的匹配性，化债资源的来源及其充足性影响化债方案的选择。</span><span style="font-size: 14px;letter-spacing: 1.8px;">制度环境通过影响地方政府资源配置方式间接影响化债方式选择。</span><span style="font-size: 14px;letter-spacing: 1.8px;">据此，文章提炼出“制度环境-资源特征-化债选择”的解释框架，以为地方政</span><span style="font-size: 14px;letter-spacing: 1.8px;">府债务问题的研究提供一种新的分析思路。</span><br  /></p><p><strong><span style="font-size: 14px;">[关键词]</span></strong><span style="font-size: 14px;">地方政府；政府债务；债务化解；制度环境；资源特征；金融社会学</span></p><p><strong><span style="font-size: 14px;">[作者]</span></strong><span style="font-size: 14px;">张惠强，中国城市和小城镇改革发展中心副研究员，北京100045</span></p></section></section></section><section powered-by="gulangu" style="margin-bottom: 20px;font-size: 16px;white-space: normal;text-align: center;box-sizing: border-box;"><section style="padding: 20px 10px 10px;border-radius: 5px;border-width: 0px;border-style: initial;border-color: rgb(62, 62, 62);width: 555.043px;height: auto;overflow: hidden;vertical-align: top;display: inline-block;box-sizing: border-box;box-shadow: rgb(173, 173, 173) 0px 0px 5px;background-color: rgb(255, 255, 255);"><section powered-by="gulangu" style="line-height: 1.6;letter-spacing: 1.2px;font-size: 15px;box-sizing: border-box;"><p style="box-sizing: border-box;"><img class="rich_pages" data-ratio="0.7732558139534884" data-s="300,640" src="http://mmbiz.qpic.cn/mmbiz_jpg/QX2ynuhBL9J7RW9VEUlyj7OA0kejBMY3DyqDOniabJh0QEJqb309REsbKCk18D4sz1J3pia886VPcwlmjEb03Txw/640?wx_fmt=jpeg" data-type="jpeg" data-w="1032" style="letter-spacing: 1.2px;"  /><br  /></p><p><img class="rich_pages" data-ratio="1.0318725099601593" data-s="300,640" src="http://mmbiz.qpic.cn/mmbiz_jpg/QX2ynuhBL9J7RW9VEUlyj7OA0kejBMY3FIOo31Bab0lanjz05mZQeHEcro6U5kSrayT5OECL0jZeQmuYA7JUiaQ/640?wx_fmt=jpeg" data-type="jpeg" data-w="502" style=""  /></p><p><img class="rich_pages" data-ratio="1.0443548387096775" data-s="300,640" src="http://mmbiz.qpic.cn/mmbiz_jpg/QX2ynuhBL9J7RW9VEUlyj7OA0kejBMY3J2MKR2XsfGfK3ph2DCdClx3jmRlXibHNAXsZDl7BQZ6cpbluA2BpETA/640?wx_fmt=jpeg" data-type="jpeg" data-w="496" style=""  /></p><p><img class="rich_pages" data-ratio="0.2361111111111111" data-s="300,640" 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class="rich_pages" data-ratio="3.1024590163934427" data-s="300,640" src="http://mmbiz.qpic.cn/mmbiz_jpg/QX2ynuhBL9J7RW9VEUlyj7OA0kejBMY3RkI39Fudlcwef8lJbIyofjPl0vUpXK5furyicQic8AJGIZlIU31ya2gw/640?wx_fmt=jpeg" data-type="jpeg" data-w="488" style=""  /></p><p><img class="rich_pages" data-ratio="1.4798387096774193" data-s="300,640" src="http://mmbiz.qpic.cn/mmbiz_jpg/QX2ynuhBL9J7RW9VEUlyj7OA0kejBMY3hZyS6g2ztsbSSDwQVOibb3TaB70H5YNyicFxCrA2sjZYkb5381lrSgCg/640?wx_fmt=jpeg" data-type="jpeg" data-w="496" style=""  /></p><p><img class="rich_pages" data-ratio="1.3654618473895583" data-s="300,640" src="http://mmbiz.qpic.cn/mmbiz_jpg/QX2ynuhBL9J7RW9VEUlyj7OA0kejBMY3rmBQ8BObvIKWIrVvEmLmxy7yib1fcEGOO33CExMqa2O7YSicUDiaJ39CA/640?wx_fmt=jpeg" data-type="jpeg" data-w="498" style=""  /><span style="font-size: 16px;"></span></p></section></section></section><p style="max-width: 100%;box-sizing: border-box;min-height: 1em;font-family: -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;font-size: 16px;letter-spacing: 0.544px;white-space: normal;background-color: rgb(255, 255, 255);text-align: center;overflow-wrap: break-word !important;"><span style="max-width: 100%;text-align: left;color: rgb(178, 178, 178);letter-spacing: normal;font-size: 14px;font-variant-numeric: normal;font-variant-east-asian: normal;box-sizing: border-box !important;overflow-wrap: break-word !important;">本文系作者观点，不代表平台或机构最终观点</span></p><p style="max-width: 100%;box-sizing: border-box;min-height: 1em;font-family: -apple-system-font, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;font-size: 16px;letter-spacing: 0.544px;white-space: normal;background-color: rgb(255, 255, 255);text-align: center;overflow-wrap: break-word !important;"><span style="max-width: 100%;text-align: left;color: rgb(178, 178, 178);letter-spacing: 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