Zhu, Z.; Krug, B. - Erasmus Research Institute of Management (ERIM), ERIM … - 2005
democracy lends a great
opportunity for testing whether fiscal decentralization is another effective institutional
arrangement … democracy, the commonly believed majority rule “embodies no
effective constraint on the exercise of government powers at all … even when the democratic monitor
fails. From this point of view, the absence of representative democracy in China offers …