Structural Reform in China's Regional Governments (2-Volume Set)

Product Description How Will Fiscal Decentralization Affect China's Regional Governments? Based on a thorough review of the current data, the theoretical framework of the authors provides for a meta-analysis of 30 years of data of 30 provinces and more than 1,000 counties using multiple econometric models. In light of the changes in fiscal decentralization after the 1994 introduction of the tax assignment system and the 2002 income tax reform, the authors analyze the substantial socioeconomic impact of the intricate intergovernmental fiscal relationships and the reform of the regional government administrative structure. This set, in two volumes, presents the objective and scientific findings of the latest research in China. This series also uses two econometric models (System GMM and 2SLS regression) to: Outline the financial self-sufficiency of China's low-level governmentsPredict less dependency on low-level governments for public expenditureExplain China's unique direct provincial financial management system About the Author GUO Qingwang is the Dean of the School of Finance, Renmin University of China, and the Vice-President of the Chinese Tax Institute. Guo's work covers public finance and taxation, macroeconomic theory, and policies. He is the author of The Effectiveness and Fade-Out Strategy of Active Fiscal Policy (2007), Corporation Tax: International Comparison (1996), and Active Fiscal Policy and Monetary Policy (2004). JIA Junxue is the Deputy Head of the School of Finance, Renmin University of China. Jia was also the Chairman of the Chinese Finance Society.