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From Industrialization to Urbanization: The Social Consequences of Changing Fiscal Incentives on Local Governments’ Behavior 1

James Kai-sing Kung, Chenggang Xu, and Feizhou Zhou

in Law and Economics with Chinese Characteristics: Institutions for Promoting Development in the Twenty-First Century

Published in print:
2013
Published Online:
May 2013
ISBN:
9780199698547
eISBN:
9780191745522
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199698547.003.0019
Subject:
Economics and Finance, South and East Asia, Macro- and Monetary Economics

Since 1978, fiscal decentralization—as a key component of regional decentralization—has powerfully induced local governments to develop the economies under their jurisdiction, but at the expense of ... More


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