Fiscal decentralization, public spending, and economic growth in China

• 成果类型: Article
• 署名作者: Zhang, T; Zou, HF
• 署名单位: The World Bank; Wuhan University
• 刊物名称: JOURNAL OF PUBLIC ECONOMICS
• ISSN/ISSBN: 0047-2727
• DOI: 10.1016/S0047-2727(97)00057-1
• 发表日期: 1998
• 页码: 221-240
• 关键词: fiscal decentralization; public spending; GROWTH; Chinese economy

摘要

This study of China demonstrates how the allocation of fiscal resources between the central and local governments has affected economic growth since reforms began in the late 1970s. We find that a higher degree of fiscal decentralization of government spending is associated with lower provincial economic growth over the past fifteen years. This consistently significant and robust result in our empirical examinations is surprising in light of the argument that fiscal decentralization usually makes a positive contribution to local economic growth. (C) 1998 Elsevier Science S.A.