中国财政竞争与地方公共支出结构分析 |
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收稿时间: | 7 August 2007 |
Fiscal competition and the structure of local public expenditure in China |
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Authors: | Henglong Zhang Xian Chen |
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Institution: | (1) Department of Public Administration, Radboud University Nijmegen, Thomas van Aquinostraat 5, P.O. Box 9108, 6500 HK Nijmegen, The Netherlands |
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Abstract: | This article examines the impact of intergovernmental fiscal competition on local public expenditure in China under current
performance assessment system in which GDP is a critical factor. First, we present the assignment of public goods and tax
burden and the share of foreign direct investment (FDI) of 30 provinces, and we find that current fiscal competition in China
has taken the form of public expenditure improvement accompanied by preferential tax policies. Second, we regress the share
of FDI on different components of provincial public expenditure, and find that the share of FDI is correlated negatively with
the public service, tax burden and health care service while positively with infrastructure development. Therefore, FDI-based
infrastructural investment crowds out public services investment, which fails to support the view that fiscal competition
improves social welfares. |
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