Intergovernmental relations and economic management in China:
Gespeichert in:
| Beteilige Person: | |
|---|---|
| Format: | Buch |
| Sprache: | Englisch |
| Veröffentlicht: |
Basingstoke [u.a.]
Macmillan [u.a.]
1997
|
| Ausgabe: | 1. publ. |
| Schlagwörter: | |
| Links: | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=007478479&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| Umfang: | XV, 188 S. |
| ISBN: | 0333660072 0312161115 |
Internformat
MARC
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| 650 | 4 | |a Fiscal policy -- China | |
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Datensatz im Suchindex
| _version_ | 1819301506026831872 |
|---|---|
| adam_text | Intergovernmental
Relations and
Economic Management
in China
JunMa
Public Policy Specialist
The World Bank
Washington DC
Contents
List of Tables x
List of Figures xi
List of Appendix Tables xii
Acknowledgements xiii
list of Abbreviations xv
Introduction 1
1 Intergovernmental Fiscal Relations and Macroeconomic 5
Management
Introduction S
Revenue-sharing between the central and local governments 6
Division of expenditure responsibilities between the central 10
and local governments
Basic propositions for assessing China s fiscal management 11
system
The lack of fiscal policy instruments of the central government 13
Impaired performance of the central government s fiscal policy 19
The 1994 reform: tax-assignment system 24
Implications of the 1994 fiscal reform and remaining 26
problems to be addressed
Conclusions 31
Appendix 1 1: macroeconomic management and local 32
autonomy in Japan
2 Central Government Credibility and Local Tax Efforts: 35
a Game Theoretic Model
Introduction 35
Cooperative regions: the bench-mark case 38
Non-cooperative regions: commitment versus no commitment 43
Why does the center not want to commit: a 48
time-inconsistency explanation
Addressing the time-inconsistency problem 53
VH
viii Contents
The effect of the 1990 proposal - increasing the center s 64
share of total revenue
Concluding remarks 67
3 Central Government Transfer Under a Soft Budget Constraint 69
Introduction 69
Regions lobbying under a hard budget constraint 71
Regions lobbying under a soft budget constraint 74
Are regions better off with a soft budget constraint? 77
Why do the regions choose to lobby ex post! 78
The Coumot game between regions and lobbying effectiveness 80
The budget constraint problem under the center s commitment 84
Concluding remarks 89
Appendix 3 1: solving for optimal commitment tax rates 90
for a given expenditure target
Appendix 3 2: a comparison with Tullock (1980) and 92
Becker (1983)
4 Intergovernmental Relations and Monetary Management 95
Introduction 95
Financial sector development before 1994 96
The central bank s instruments of monetary control 98
Money supply and macroeconomic stability 100
Why cannot the central bank control money supply at the 102
desired level?
Reform cycles and monetary cycles 105
Monetary reform in 1994 107
Assessment of the 1994 monetary reform 109
Conclusions 110
5 Central Government Credibility and Monetary Expansion: 112
a Game Theoretic Model
Introduction 112
Literature on China s inflation 112
Description of the credit allocation system 115
The commitment regime 119
The no commitment regime 120
Comparison of equilibria under the commitment and 123
no commitment regimes
Conclusions 125
Contents ix
Appendix 5 1: deriving the equilibrium credit level under 127
the no commitment regime
Appendix 5 2: solving for optimal additional credit (a) under 130
the no commitment regime
Appendix 5 3: proof of Lnc Lc 130
6 Intergovernmental Relations and Market Development 132
Introduction 132
Division of regulatory powers between the central and 133
local governments
Impact of decentralization on the market system 137
Defining the limits of local government power: the 147
relevance of international experience
Conclusions 153
Appendix Tables 154
End Notes 165
Bibliography 176
Index 184
|
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| geographic | China (DE-588)4009937-4 gnd |
| geographic_facet | China |
| id | DE-604.BV011155406 |
| illustrated | Not Illustrated |
| indexdate | 2024-12-20T10:07:16Z |
| institution | BVB |
| isbn | 0333660072 0312161115 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-007478479 |
| oclc_num | 36261587 |
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| owner_facet | DE-12 DE-739 DE-521 DE-29 |
| physical | XV, 188 S. |
| publishDate | 1997 |
| publishDateSearch | 1997 |
| publishDateSort | 1997 |
| publisher | Macmillan [u.a.] |
| record_format | marc |
| spellingShingle | Ma, Jun 1964- Intergovernmental relations and economic management in China Macro-economie gtt Openbare financiën gtt Intergovernmental fiscal relations -- China Fiscal policy -- China Gemeindeverwaltung (DE-588)4019990-3 gnd Fiskalpolitik (DE-588)4071234-5 gnd |
| subject_GND | (DE-588)4019990-3 (DE-588)4071234-5 (DE-588)4009937-4 |
| title | Intergovernmental relations and economic management in China |
| title_auth | Intergovernmental relations and economic management in China |
| title_exact_search | Intergovernmental relations and economic management in China |
| title_full | Intergovernmental relations and economic management in China Jun Ma |
| title_fullStr | Intergovernmental relations and economic management in China Jun Ma |
| title_full_unstemmed | Intergovernmental relations and economic management in China Jun Ma |
| title_short | Intergovernmental relations and economic management in China |
| title_sort | intergovernmental relations and economic management in china |
| topic | Macro-economie gtt Openbare financiën gtt Intergovernmental fiscal relations -- China Fiscal policy -- China Gemeindeverwaltung (DE-588)4019990-3 gnd Fiskalpolitik (DE-588)4071234-5 gnd |
| topic_facet | Macro-economie Openbare financiën Intergovernmental fiscal relations -- China Fiscal policy -- China Gemeindeverwaltung Fiskalpolitik China |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=007478479&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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