作者：Li, Li; Pang, Baoqing; Wu, Yiping
作者单位：China University of Political Science & Law; Shanghai University; Shanghai University of Finance & Economics
摘要：This article empirically investigates the effects of administrative monitoring on the misuse of funds by local governments and provides a representative model of fiscal decentralization with political centralization, where administrative monitoring relies on the top-down hierarchy of the bureaucratic system in China based on a unique data set from audit programs. We show a double effect between distance and monitoring in local China. The incentive for misusing public funds can be strengthened ...
