Heng, Yin - In: Annals of Economics and Finance 9 (2008) 1, pp. 115-149
Using the fiscal datasets from 1993 to 2003 in China, this paper studies fiscal disparities and the equalization … effects of fiscal transfers at the county level. The results indicate that there are huge fiscal disparities across regions … trends upward. Moreover, transfers from upper governments exaggerate fiscal disparities at the county level. The earmarked …