Lai, Jennifer T.; So, Erin P.K.; Yan, Isabel K.M. - In: Emerging Markets Finance and Trade 50 (2014) 3, pp. 45-58
This paper utilizes a panel data set on two major fiscal reforms in China—the fiscal contract system (FCS) in 1980-93 and the tax-sharing system (TSS) after 1994—to examine how the various aspects of intergovernmental fiscal arrangement affect the ability of the fiscal system to facilitate...
