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Purpose – The purpose of the paper is to examine China's county‐level fiscal difficulties. A large portion of China …
Persistent link: https://www.econbiz.de/10014689623
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Since the Tax Sharing Reform in 1994, the local government revenue of the People's Republic of China (PRC) has faced …
Persistent link: https://www.econbiz.de/10011453331
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China has become a major "fear factor" in the global economy: there is fear of its competitive pressure on global … speed bump. China is usually given pretty good marks for macroeconomic policy management, with moderate budget deficits and … liabilities. Is China facing such a future fiscal threat? The conclusion reached here is that concern with contingent liabilities …
Persistent link: https://www.econbiz.de/10013095093
The paper explores interrelations between the fiscal situation of sub-national and central governments, or – put differently – whether and how sub-national and central governments contribute to each other’s fiscal difficulties. The first part of the paper examines sub-national government...
Persistent link: https://www.econbiz.de/10009767308
Persistent link: https://www.econbiz.de/10009728757
The paper explores interrelations between the fiscal situation of sub-national and central governments, or – put differently – whether and how sub-national and central governments contribute to each other's fiscal difficulties. The first part of the paper examines sub-national government...
Persistent link: https://www.econbiz.de/10013047222