Wu, Yongqiu; Huang, Yi; Zhao, Jing; Pu, Yanping - In: China Finance and Economic Review 5 (2017) 12, pp. 1-15
Background: After revenue-sharing system reform, the proportion of tax refund in fiscal transfer payments continued to decline, and the proportion of categorical grant and condition grant is increased. The paper studies how transfer payment structure effect fiscal efficiency from the perspective...