Du, Julan; He, Qing; Rui, Oliver M. - East Asian Bureau of Economic Research (EABER) - 2011
This paper analyzes consumption risk sharing among provinces in the People’s Republic of China (PRC) during 1980–2007. The analysis finds that 9.4% of shocks to gross provincial product are smoothed by the interprovincial fiscal transfer system. This system also cushions a...
