Fiscal Policy and Economic Growth under a Decentralized System

Author: Zhang Yan
Publisher:
Publish Date: 2005-09-01
Features: Fiscal decentralization and economic growth are one of the hot topics in economic research. This book conducts a systematic study on this issue, with a total of eight chapters and approximately 160,000 words. Based on a review of the literature, the book first analyzes the optimal government expenditure, optimal tax, and optimal transfer payment policies under a multi-level government system. The book then analyzes the relationship between fiscal decentralization and economic growth in various regions of China, finding significant intertemporal and regional differences. It also examines the reasons behind these phenomena, which is an innovation compared to previous studies. The book further analyzes the tax competition between local governments and foreign direct investment under a decentralized system. The author is a rising young economist, graduated from the Guanghua School of Management, Peking University, and is mentored by the renowned economist Professor Zou Hengfu.