Poncet, Sandra; Barthélemy, Jean - In: Journal of Economic Integration 23 (2008), pp. 896-926
This paper documents business cycles’ fluctuations in Chinese provinces. China’s de facto federalism, within a context … factors like distance and size as well as policy factors such as industrial, fiscal and trade policy. Results emphasize the … benefits of domestic trade and local fiscal policy rationalization on the stabilization of output fluctuations. However, they …