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Persistent link: https://www.econbiz.de/10001612982
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China's fast growth has been accompanied by rising regional inequality, triggering debate over a policy trade …-off between aggregate growth and equity. We set out a three-region model of China in which local government behavior affects local …
Persistent link: https://www.econbiz.de/10014456599
China's rise has been the economic success story of the past four decades but economic growth has been slowing and … domestic imbalances have widened. This paper analyses the recent evolution of China's imbalances, the risks they pose to the … economic outlook and the potential impact of a transition to sustainable growth in China on the global and euro area economies …
Persistent link: https://www.econbiz.de/10012928882
China's rise has been the economic success story of the past four decades but economic growth has been slowing and … domestic imbalances have widened. This paper analyses the recent evolution of China's imbalances, the risks they pose to the … economic outlook and the potential impact of a transition to sustainable growth in China on the global and euro area economies …
Persistent link: https://www.econbiz.de/10011792634
This paper surveys the state of fiscal federalism in India, in the broader context of decentralization. We begin with an overview of the basic features and recent developments in intergovernmental fiscal relations, including the role of political institutions, the specifics of legislative and...
Persistent link: https://www.econbiz.de/10003854949
This article examines recent and potential reforms in India’s fiscal federal system. We summarize key federal institutions in India, including tax and expenditure assignments, and mechanisms for Center-state transfers. We discuss the institutional process by which reforms can and do take...
Persistent link: https://www.econbiz.de/10003855408
This article examines the nature of India's federal system, and recent and potential reforms in its structure and working. We summarize key federal institutions in India, focusing particularly on the mechanisms for Center-state transfers. These transfers are large, and are the major explicit...
Persistent link: https://www.econbiz.de/10011520548
This paper surveys the state of fiscal federalism in India, in the broader context of decentralization. We begin with an overview of the basic features and recent developments in the intergovernmental fiscal relations, including the role of political institutions, the specifics of legislative...
Persistent link: https://www.econbiz.de/10012722935
The objective of this paper is to examine the nature of India's federal system, the reforms that have occurred over the last ten years, and what remains to be done. We begin by briefly describing the key federal institutions in India, focusing particularly on the mechanisms for center-state...
Persistent link: https://www.econbiz.de/10014123862