This paper examines the trial implementation of the Real Estate Tax in Shanghai through analyzing its effects on housing price, its effects on the rigid demand of housing and on housing as an investment option. It also identifies a few reform options if the government chooses to implement the...

"High carbon model" a serious constraint on China's future development, "low carbon economy" will become an important breakthrough in China's construction of "ecological civilization." The carbon tax is important part of environmental tax, and environmental tax is also known as the ecological...

We investigate political budget cycles in China. To do so, we exploit cross-province variation in the timing of the Congress of the Communist Party, the most significant event in terms of promoting and re-appointing prefecture leaders. We find strong evidence of a cycle, with an acceleration in...

Competition among local governments in a decentralized political system is often thought to discipline lazy or corrupt officials, improving public good provision and increasing welfare. Some scholars note possible distortions due to spillovers or a race-to-the-bottom, but suggest that central...

During 2000-2006, nearly 4,000-5,000 new foreign and domestic enterprises entered the export industry of the People's Republic of China (PRC) yearly, with geographic concentration along the coastal areas. This paper empirically analyzes the spatial determinants of new entrants by applying...

During 2000–2006, nearly 4,000–5,000 new foreign and domestic enterprises entered the export industry of the People's Republic of China (PRC) yearly, with geographic concentration along the coastal areas. This paper empirically analyzes the spatial determinants of new entrants by applying...

This paper is a brief review of some issues in urban finance facing China’s larger cities. It argues that at present many key aspects of the ways in which local and metropolitan governments finance infrastructure and services in China seem to be both too obscure for proper accountability and...

The main focus areas of the book are Concepts and Models for Private Participation in Infrastructure, Private Participation in Infrastructure in China, Laws and Regulations for Private Participation in Infrastructure in China, Financing Private Infrastructure Projects in China, Road Issues and...