Parker, Elliott; Thornton, Judith - Economics Department, University of Nevada-Reno; … - 2006
In this paper we review the fiscal evolution of China and Russia, asking how the process of creating a separate, tax …-financed public sector in the two countries differed. We observe that the size of China's budget sector was consistently smaller than … in Russia and that budget decentralization was consistently greater. We see both pros and cons in China …