Stefan Brehm
Senior lecturer
Fiscal Incentives, Public Spending, and Productivity – County-Level Evidence from a Chinese Province
Author
Summary, in English
This article develops a new empirical approach to analyze the potential link between fiscal decentralization and economic efficiency based on a stochastic frontier model with spatial error correction. Fiscal decentralization is not considered to be a source of growth in itself but an incentive scheme that impacts local governments’ spending as a means to improve investment conditions. Panel data for Zhejiang Province between1995 and 2005 indicate that revenue and expenditure
decentralization both promoted allocative efficiency. Yet, the impact of fiscal incentives decreases with rising income inequality among county governments.
decentralization both promoted allocative efficiency. Yet, the impact of fiscal incentives decreases with rising income inequality among county governments.
Department/s
- Centre for East and South-East Asian Studies, Lund University
Publishing year
2013
Language
English
Pages
92-103
Publication/Series
World Development
Volume
46
Document type
Journal article
Publisher
Elsevier
Topic
- Other Social Sciences
Keywords
- China
- Spatial dependence
- Public spending
- Fiscal decentralization
- Economic efficiency
Status
Published
ISBN/ISSN/Other
- ISSN: 1873-5991