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This paper focuses on the impact of fiscal decentralization on the efficiency of fiscal resources at the regional level … implementation of decentralization is not only aimed at increasing fiscal capacity and efficiency, but also at enhancing … confirms that the degree of fiscal decentralization is the key determinant of state fiscal efficiency. Hence, despite the …
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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 TFP dynamics, and regional inequality itself generates...
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