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Fiscal Decentralization Publice Spending And Economic Growth In China
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Book Synopsis Fiscal Decentralization, Public Spending, and Economic Growth in China by : Heng-Fu Zou
Download or read book Fiscal Decentralization, Public Spending, and Economic Growth in China written by Heng-Fu Zou and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: May 1996 Fifteen years of efforts to promote fiscal decentralization in China have failed to promote economic growth in China's provinces. This finding is surprising in the light of arguments that fiscal decentralization usually promotes provincial or local economic growth. Zhang and Zou use data on China to demonstrate how the allocation of fiscal revenue and expenditures between central and local governments has affected economic growth since reforms that began in the last 1970s. They find a higher degree of fiscal decentralization associated with lower provincial economic growth over the past 15 years in China. This implies that fiscal reforms begun in China in the early 1980s have probably failed to promote the country's economic growth. This result is consistently significant and robust in their empirical examinations. It is also surprising, in the light of the argument that fiscal decentralization usually contributes positively to provincial or local economic growth. This paper--a product of the Public Economics Division, Policy Research Department--is part of a larger effort in the department to study fiscal decentralization and economic growth. The study was funded by the Bank's Research Support Budget under the research project Fiscal Decentralization and Economic Growth (RPO 680-02). Heng-fu Zou may be contacted at [email protected].
Book Synopsis Fiscal Decentralization, Publice Spending, and Economic Growth in China by :
Download or read book Fiscal Decentralization, Publice Spending, and Economic Growth in China written by and published by World Bank Publications. This book was released on with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Fiscal Decentralization, Public Spending and Economic Growth by : Tao Zhang
Download or read book Fiscal Decentralization, Public Spending and Economic Growth written by Tao Zhang and published by . This book was released on 1995 with total page 510 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Challenges for China's Public Spending by : Organisation for Economic Co-operation and Development
Download or read book Challenges for China's Public Spending written by Organisation for Economic Co-operation and Development and published by OECD. This book was released on 2006 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: Summary: The study draws extensively on Chinese government and other sources to provide a detailed and up-to-date picture of the current state of China's public expenditure policies, the main reforms that are being undertaken, and the problems that remain to be resolved. Topics covered: key characteristics of China's budget and recent trends; the allocation of spending; the uneven pattern of fiscal decentralization; gaps between expenditure needs and fiscal resources for local governments and their consequences.--Publisher summary.
Book Synopsis OECD Fiscal Federalism Studies Fiscal Decentralisation and Inclusive Growth in Asia by : OECD
Download or read book OECD Fiscal Federalism Studies Fiscal Decentralisation and Inclusive Growth in Asia written by OECD and published by OECD Publishing. This book was released on 2019-06-13 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report looks at the challenges faced by Asian countries in addressing inclusive growth and fiscal decentralisation. A series of studies examines how policies in the region have evolved in accordance with changes in demography and the economic environment, reflecting country characteristics, history and political economy forces.
Book Synopsis Fiscal Decentralization by : Peter Friedrich
Download or read book Fiscal Decentralization written by Peter Friedrich and published by . This book was released on 2004 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Decentralization Policies in Asian Development by : Shinichi Ichimura
Download or read book Decentralization Policies in Asian Development written by Shinichi Ichimura and published by World Scientific. This book was released on 2009 with total page 441 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the important topic of fiscal decentralization in Asian countries, and focuses on how government finance and administration are being reformed to bring budgetary decisions closer to voters. The focus on Asia is especially important because all countries in this region have been undergoing serious fiscal reforms in the past decade. They include one of the biggest decentralization reforms in Indonesia, significant reforms in democratic Philippines and Vietnam which are in transition, and Japan, whose fiscal reconstruction program is covered extensively. India and China, which are also covered, are very special cases because of their size and because their policies must fit decentralization into a significant economic growth scenario.
Book Synopsis Reforming China's Public Finances by : Mr.Ehtisham Ahmad
Download or read book Reforming China's Public Finances written by Mr.Ehtisham Ahmad and published by International Monetary Fund. This book was released on 1995-09-08 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: The reform of fiscal relations between different levels of geovernment is crucial to the success of China's current structural transformation to a socialist market economy. The reform will profoundly affect macroeconomic stability, growth prospects , and the effectiveness of providing public services and interregional equity. In order to review international experience and to clearly identify the policy options for China in the short to medium term, a conference was held in Shanghai in October 1993. The papers in this volume, edited by Ehtisham Ahmad, Gao Qiang, and Vito Tanzi, include those presented at the conference and a few that supplement it.
Book Synopsis Intergovernmental Fiscal Relations by : Mr.Vivek B. Arora
Download or read book Intergovernmental Fiscal Relations written by Mr.Vivek B. Arora and published by International Monetary Fund. This book was released on 1997-10-01 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides an overview of recent Chinese reforms to introduce a modern system of fiscal federalism that balances the need for central macroeconomic control with the economic advantages of decentralized government. Following a discussion of the rationale for decentralization, the paper describes the main structural and economic developments in China in this area, including their impact on economic stabilization. The key measures in the 1994 fiscal reforms as well as reform initiatives needed in the future are also discussed.
Book Synopsis Fiscal Decentralisation and Economic Growth in China by : Zhiqiang Liu
Download or read book Fiscal Decentralisation and Economic Growth in China written by Zhiqiang Liu and published by . This book was released on 1999 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis China's Development Challenges by : Richard Schiere
Download or read book China's Development Challenges written by Richard Schiere and published by Routledge. This book was released on 2009-12-21 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book argues that a major potential source of social tension in transition and developing countries is not poverty as such, but vulnerability: that is, the risk of becoming poor. It demonstrates how in China many of the recent reforms to the public sector, such as decentralisation from central to local government, especially fiscal decentralisation; the reduction in public services provided by the state; the increasing practice of local government of charging fees for basic services which were previously free; de-collectivisation of the rural commune system and market sector experimentation in Economic Processing Zones have made many households extremely vulnerable to poverty. Having to find funds to pay for health and education leaves the households exposed should macro-economic fluctuations related to factors – such as trade, resource imports, and financial volatility – have an adverse impact on the Chinese economy overall. The book argues that to become less vulnerable to macroeconomic shocks China would need to shift from an export-oriented development strategy to a domestic consumer-demand driven development strategy, and this would need to be supported by public sector reforms: strengthening of public service provisions in the health and the education sectors as well as expanding social security programs. The book discusses these problems, relates them to the economic literature and outlines the likely consequences.
Book Synopsis Public Finance in China by : Jiwei Lou
Download or read book Public Finance in China written by Jiwei Lou and published by World Bank Publications. This book was released on 2008-01-31 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 1980, China's economy has been the envy of the world. Is annual growth rate of more than 9 percent during this period makes China today the world's fourth-largest economy. And this sustained growth has reduced the poverty rate from 60 percent of the population to less than 10 percent. However, such rapid growth has also increased inequalities in income and access to basic services and stressed natural resources. The government seeks to resolve these and other issues by creating a 'harmonious society' -- shifting priorities from the overriding pursuit of growth to more balanced economic and social development. This volume compiles analyses and insights from high-level Chinese policy makers and prominent international scholars that address the changes needed in public finance for success in the government's new endeavor. It examines such key policy issues as public finance and the changing role of the state; fiscal reform and revenue and expenditure assignments; intergovernmental relations and fiscal transfers; and financing and delivery of basic public goods such as compulsory education, innovation, public health, and social protection. And it offers concrete recommendations for immediate policy changes and for China's future reform agenda. Public Finance in China' is a must-read for specialists in public finance and for those seeking an understanding of the complex and daunting challenges China is facing.
Book Synopsis China's Return To Expansionary Fiscal Policy by : Shuanglin Lin
Download or read book China's Return To Expansionary Fiscal Policy written by Shuanglin Lin and published by World Scientific. This book was released on 1999-09-30 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume examines China's government budgetary condition, analyses the new expansionary fiscal policy, and discusses policy options. China's government budgetary revenue has declined dramatically since the start of economic reforms. Facing slower economic growth, China's new fiscal policy is to increase government expenditures by issuing bonds. With a large increase in government spending, it should not be difficult to achieve 7% growth in 1999. The government should conduct serious cost-benefit analyses of every public project in order to prevent scarce funds from being wasted. In the long run, the government should focus on merging the extra-budgetary and off-budgetary revenues into budgetary revenues, instead of allocating more resources to the government sector.
Book Synopsis Essays on Government Spending-inflation Nexus and Fiscal Decentralization-development Outcomes Nexus by : Tai Dang Nguyen
Download or read book Essays on Government Spending-inflation Nexus and Fiscal Decentralization-development Outcomes Nexus written by Tai Dang Nguyen and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis brings out the important roles that the public sector finance and reforms play in shaping nations' welfare through providing empirical evidence using new data sets on the links between government spending and inflation, and between fiscal decentralization and development outcomes for the four Asian emerging economies of India, China, Indonesia and Vietnam. Chapter 2 empirically tests the nexus between government spending and inflation for the three countries of India, China and Indonesia utilizing the cointegration and the Vector Error Correction Model (VECM) method on time series data for the period 1970-2010. This chapter employs a bivariate VECM of government spending and inflation and, to address potential endogeneity concerns, two trivariate models with real GDP and nominal exchange rate separately added. The results show a cointegrating long-run relationship between government spending and inflation and that, in the short run, government spending can significantly influence the rate of inflation (positively for India and Indonesia while negatively for China). An important policy implication is that governments in the region would need to be more prudent regarding decisions to change government spending, which can potentially result in large fluctuations in inflation. Chapter 3 shifts the focus to fiscal policy matters at sub-national levels. This chapter examines the effects of fiscal decentralization on economic growth at the provincial level in Vietnam, an Asian economy with rapid growth performance resulting from the comprehensive reform, 'Doi Moi', starting in 1986. Using a newly available provincial-level dataset spanning the period 2004-2010, this chapter provides evidence that fiscal decentralization has had a significant and positive impact on provincial economic growth in Vietnam during the period of analysis. The measure of fiscal decentralization adopted captures both the fiscal capacity and autonomy of provinces. The fixed-effect and the Generalized Methods of Moments (GMM) models help address the unobserved heterogeneity and potential endogeneity issues. Finally, Chapter 4 further quantitatively investigates the effects of fiscal decentralization on development outcomes. Specifically, the two main hypotheses to be tested in this chapter are whether fiscal decentralization had significant effects on poverty outcome and health outcome at the provincial level in Vietnam during the period 2006-2011. Given the important role of the agriculture sector, the chapter also tests for other hypotheses that are concerned with sectoral growth patterns, the contribution of agricultural growth to poverty reduction, and the urban-rural gap in poverty. The main results suggest that fiscal decentralization had a positive effect on health outcomes but, surprisingly, did not contribute to poverty reduction. Another finding is that agricultural sector has made a significant contribution to poverty reduction in dominantly agricultural provinces. Also, the poorer regions have benefited from agricultural growth more than growth in other sectors. Finally, the chapter does not find significant evidence for the urban-rural gap for poverty in Vietnam. On balance, from a policy maker's perspective, while growth-enhancing effects are encouraging, the potential distributional effects of fiscal decentralization warrant careful considerations of the reform agenda so that the poor and the disadvantaged can share the gains in potential benefits.
Book Synopsis Fiscal Decentralization and Intergovernmental Relations in Transition Economies by : Richard Miller Bird
Download or read book Fiscal Decentralization and Intergovernmental Relations in Transition Economies written by Richard Miller Bird and published by . This book was released on 1993 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Inflation and Investment Controls in China by : Yasheng Huang
Download or read book Inflation and Investment Controls in China written by Yasheng Huang and published by Cambridge University Press. This book was released on 1999-11-13 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: A political-economic analysis of how China has been able to avoid hyperinflation while maintaining high annual growth rates.
Book Synopsis Economic Miracle and Upward Accountability by : Alfred M. Wu
Download or read book Economic Miracle and Upward Accountability written by Alfred M. Wu and published by . This book was released on 2014 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: There has been a growing interest in investigating the impact of Chinese-style fiscal decentralization in recent years. Some speculate that fiscal decentralization in China has led to the country's phenomenal economic growth. Chinese-style fiscal decentralization has evolved greatly over the past three decades. Asymmetric decentralization -- expenditure remains decentralized with revenue being recentralized -- replaced genuine decentralization in 1994 and resulted in a sea-change in central-local fiscal relations in China. Drawing on a close examination of the evolution of fiscal decentralization, this article suggests that upward accountability resulting from asymmetric decentralization and other factors have contributed to spectacular economic growth in China. Negative consequences of an assertive central government associated with asymmetric decentralization have also been investigated. The article argues that the Chinese government needs an institutional framework to rein in predatory behaviors of both the central government and local governments under an increasingly urbanized and globalized society in China.
