Public Finance

Author: Liu Yi
Publisher:
Publish Date: 2004-06-01
Features: Public finance is a branch of economics that studies government revenue and expenditure activities and their impact on resource allocation, income distribution, and macroeconomic stability. This textbook, set against the backdrop of institutional innovation in China's public finance and incorporating an international perspective, combines the latest findings in fiscal theory research with practical experiences in fiscal development. It focuses on discussing the welfare economics foundation of public finance, the rationale for the public sector, public choice in budgeting, public goods theory, cost-benefit analysis of purchase and transfer expenditures, public expenditure growth and control, the basic theory of taxation and the tax system, as well as the coordination of intergovernmental fiscal relations.