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 … in Russia and that budget decentralization was consistently greater. We see both pros and cons in China … successful than Russia in managing macroeconomic policies. Finally, we argue that Russia's status as a petro-state makes …