期刊
JOURNAL OF COMPARATIVE ECONOMICS
卷 34, 期 4, 页码 713-726出版社
ACADEMIC PRESS INC ELSEVIER SCIENCE
DOI: 10.1016/j.jce.2006.08.006
关键词
Chinese economy; growth; fiscal decentralization; regional inequality
类别
China's current fiscal system is largely decentralized while its governance structure is rather centralized with strong top-down mandates and a homogeneous governance structure. Due to large differences in initial economic structures and revenue bases, the implicit tax rate and fiscal burdens to support the functioning of local government vary significantly across jurisdictions. Regions initially endowed with a broader nonfarm tax base do not need to rely heavily on preexisting or new firms to finance public goods provision, thereby creating a healthy investment environment for the nonfarm sector to grow. In contrast, regions with agriculture as the major economic activity have little resources left for public investment after paying the expenses of bureaucracy. Consequently, differences in economic structures and fiscal burdens may translate into a widening regional gap.
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