Deficit Estimation and Welfare Effects after the 1994 Fiscal Reform in China: Evidence from the County Level |
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摘 要: | Using simple statistical analysis of count-level budgetary data from across all of China's counties, the present paper examines whether the post-1994 fiscal decentralization has affected redistribution at the count-level. The new fiscal system has been less able to narrow inter-county dispersion in ftscal imbalances than the old one, even after taking intergovernmental transfer payments into account. Although with the post-1994 system there has been a modest increase in per capita welfare spending in all counties on average, much of the new-found fiscal resources have been spent on salary and administrative expenses rather than spending on public goods. Therefore, it is imperative that the reform of China's tax system is intensified.
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关 键 词: | 中国 财政集中 财政支出 税收政策 |
Deficit Estimation and Welfare Effects after the 1994 Fiscal Reform in China: Evidence from the County Level |
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Authors: | Pengfei Zhang Victor Shih |
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Institution: | Post-doctor, China Center for Economic Research, Peking University, Beijing, China. Email:;;Assistant Professor, Department of Political Science, Northwestern University, Evanston, Illinois, USA. Email: . |
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Abstract: | Using simple statistical analysis of county-level budgetary data from across all of China's counties, the present paper examines whether the post-1994 fiscal decentralization has affected redistribution at the county-level. The new fiscal system has been less able to narrow inter-county dispersion in fiscal imbalances than the old one, even after taking intergovernmental transfer payments into account. Although with the post-1994 system there has been a modest increase in per capita welfare spending in all counties on average, much of the new-found fiscal resources have been spent on salary and administrative expenses rather than spending on public goods. Therefore, it is imperative that the reform of China's tax system is intensified. |
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Keywords: | fiscal centralization fiscal expense tax reform |
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