This study investigates whether the tax-sharing system has deteriorated the fiscal capacity of subnational governments by analyzing how fiscal revenues are divided between provincial and sub-provincial data J？om Zhej...This study investigates whether the tax-sharing system has deteriorated the fiscal capacity of subnational governments by analyzing how fiscal revenues are divided between provincial and sub-provincial data J？om Zhejiang Province in China governments. Our study of county-level fiscal during 1994-2007 shows that intra-provincial revenue-sharing rules favor county governments in two ways： （i） they improve county governments ＇fiscal autonomy in terms of using their own revenues; and （ii） they enhance county governments ＇fiscal capacity through province-to-county general tran^Jers. In addition, we find that intra-provincial fiscal revenue-sharing rules and transJers reduce [iscal dist^aritv between counties.展开更多
China finds itself in a dual transitional period forboth its economy and its society with the govern-ment playing key role. The government is obliged tomaintain and reinforce its capacity to mobilize and allo-cate soc...China finds itself in a dual transitional period forboth its economy and its society with the govern-ment playing key role. The government is obliged tomaintain and reinforce its capacity to mobilize and allo-cate social resources, to maintain a stable developmentof both the economy and society.the paper,concernedwith the source of funds, has divided national capacityinto national fiscal capacity and national financialcapacity.By calculation and analysis of the fiscal ca-pacity and financial capacity,we will explain the role ofthe finance industry as "secondary public finance."展开更多
基金The authors thank Ruimin Wang for generously making his data available. Funding for this research was provided by the National Natural Science Foundation of China （No. 71773019）, the Shanghai Pujiang Scholarship （No. PJ0001644） and the Grant for Key Programs Sponsored by the Ministry of Education of China （No. 13JJD790006）.
文摘This study investigates whether the tax-sharing system has deteriorated the fiscal capacity of subnational governments by analyzing how fiscal revenues are divided between provincial and sub-provincial data J？om Zhejiang Province in China governments. Our study of county-level fiscal during 1994-2007 shows that intra-provincial revenue-sharing rules favor county governments in two ways： （i） they improve county governments ＇fiscal autonomy in terms of using their own revenues; and （ii） they enhance county governments ＇fiscal capacity through province-to-county general tran^Jers. In addition, we find that intra-provincial fiscal revenue-sharing rules and transJers reduce [iscal dist^aritv between counties.
文摘China finds itself in a dual transitional period forboth its economy and its society with the govern-ment playing key role. The government is obliged tomaintain and reinforce its capacity to mobilize and allo-cate social resources, to maintain a stable developmentof both the economy and society.the paper,concernedwith the source of funds, has divided national capacityinto national fiscal capacity and national financialcapacity.By calculation and analysis of the fiscal ca-pacity and financial capacity,we will explain the role ofthe finance industry as "secondary public finance."
