liberalization, privatization, and stabilization reforms. Theory predicts that decentralization may aggravate fiscal imbalances … over 19 years to address a central question of fact: Did privatization help to promote local governments' fiscal discipline …? The answer is clearly 'no' for privatization considered in isolation. However, privatization and subnational f …

liberalization, privatization, and stabilization reforms. Theory predicts that decentralization may aggravate fiscal imbalances … over 19 years to address a central question of fact: Did privatization help to promote local governments’ fiscal discipline …? The answer is clearly ‘no’ for privatization considered in isolation. However, privatization and subnational fiscal …

discussion of the rationale for decentralization, the paper describes the main structural and economic developments in China in …

The paper assesses the changing nature of the relations between the provinces and the central government in China …

government in China over the past two decades and provides an assessment of the success of previous reforms in meeting their …