This book examines China's fiscal decentralization and its economic impact through local government incentives. It focuses on three key areas: expenditure decentralization, revenue decentralization and intergovernmental transfers. The analysis weighs the benefits and costs of these fiscal practices in terms of China's economic development.
The author observes that China's high degree of fiscal expenditure and revenue decentralization has empowered local governments to pursue economic development vigorously. However, it has also created insufficient incentives to provide public welfare services and to adjust income distribution. This has exacerbated local protectionism and fragmented the domestic market. While intergovernmental transfers to less developed regions have gradually improved fiscal equalization and mitigated regional disparities since the 1994 tax-sharing reform, they have weakened the economic development incentives of recipient local governments. This book concludes with reform proposals for optimizing central–local fiscal relations.
This book will be of interest to scholars of the Chinese economy, public finance and development economics.
eBook - ePub
The Benefits and Costs of Fiscal Decentralization in China
A Perspective of Local Government Incentives
- 290 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
eBook - ePub
The Benefits and Costs of Fiscal Decentralization in China
A Perspective of Local Government Incentives
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Table of contents
- Cover
- Half Title
- Title Page
- Copyright Page
- Table of Contents
- List of figures
- List of tables
- 1 Introduction
- 2 Enhanced Insights into Intergovernmental Fiscal Relations in China
- 3 Fiscal Decentralization, Government Objectives and the Provision of Public Goods
- 4 Fiscal Decentralization, Local Protection and Market Segmentation
- 5 Fiscal Decentralization and Urban-Rural Income Gap
- 6 An Empirical Study on the Impact of Fiscal Decentralization on the Provision of Public Goods: A Case Study of Public Security
- 7 Fiscal Decentralization and Regional Disparities: A Case Study on Social Security Pooling
- 8 Revenue Sharing and Local Government Tax Effort
- 9 Local Government Scale and Tax Enforcement
- 10 Testing the “Flypaper Effect”: The Influence of Transfer Payments on Local Fiscal Expenditures
- 11 Effects of Transfer Payments on Regional Economic Growth: Differences between General and Special Transfer Payments
- 12 Impact of Transfer Payments on Population Migration
- 13 Conclusions and Policy Recommendations
- References
- Index
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Yes, you can access The Benefits and Costs of Fiscal Decentralization in China by Ma Guangrong in PDF and/or ePUB format, as well as other popular books in Economics & Taxation. We have over 1.5 million books available in our catalogue for you to explore.