Gaeta, Giuseppe Lucio; Ercolano, Salvatore; Simone, Elina De - In: Frontiers of Economics in China 8 (2013) 4, pp. 552-570
This paper examines the impact of fiscal residuum¡ªthe excess of expenditure benefits over tax burdens¡ªon the location choice of foreign direct investments among China¡¯s provinces. Using data provided by the National Bureau of Statistics of China we propose two fiscal residuum indexes...