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In this study, we analyze the cyclicality of fiscal policies in China during the period 1978-2013. We find that the … cyclicality of local government spending in China significantly affects the cyclicality of total government spending. By employing …
Persistent link: https://www.econbiz.de/10011338112
In this study, we analyze the cyclicality of fiscal policies in China during the period 1978-2013. We find that the … cyclicality of local government spending in China significantly affects the cyclicality of total government spending. By employing …
Persistent link: https://www.econbiz.de/10011342322
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Market-oriented economic reforms in centrally planned economies have altered the functions and objectives of key policy instruments, particularly in the case of fiscal policy. As a result of reform, economic management requires the use of quot;indirectquot; levers to regulate the behavior of...
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new Chinese fiscal structure under the New Normal of China’s economy. …
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