resist reforms, policies, rules and laws. China’s reform trajectories have been shaped by regional decentralization …China’s economic reforms have resulted in spectacular growth and poverty reduction. However, China’s institutions look … ill-suited to achieve such a result, and they indeed suffer from serious shortcomings. To solve "China puzzle" this paper …

The majority of enterprises in China are controlled by local governments at the provincial, city, county, township and … village levels. We study the effect of regional decentralization on soft budget constraints in these enterprises. We show that …. Decentralization of monetary authority leads to a softening of local governments' budget constraints, however, as well as those of …

We study the dynamic support for fiscal decentralization in a political agency model from the perspective of a region … private sector and the support for decentralization. Since political support to centralization evolves over time, driven …

Advocates of fiscal decentralization argue that amongst other benefits, it can increase the efficiency of delivery of … education expenditure decentralization and the productive efficiency of schools using a data-set of Swiss cantons. We first … provide careful evidence that expenditure decentralization is a powerful proxy for legal local autonomy. Further panel …