Social and Behavioral Sciences Commons^™

Fiscal Policy In China: Taxation And Intergovernmental Fiscal Relations, Roy W. Bahl

ECON Publications

In this book, Professor Bahl examines and analyzes China's 1994 taxation reform as a case study of an attempt by a major developing country to modernize its fiscal system. The 1994 reform is noteworthy because it was the most systematic and comprehensive restructuring of China's revenue system since the beginning of its economic reform in 1979.

This far-reaching reform extended to the country's tax structure, tax administration, central provincial fiscal relations, and provincial-local fiscal relations. The author traces the history of this reform over the past two decades and evaluates its impact, including an extensive review of the analytical work …

Tax Systems In Transition Economies, Jorge Martinez-Vazquez, Robert M. Mcnab

ECON Publications

No abstract provided.

The Winner's Curse And Public Information In Common Value Auctions: Comment, James C. Cox, Samuel H. Dinkin, Vernon L. Smith

ECON Publications

No abstract provided.

Fiscal Decentralization As Development Policy, Roy W. Bahl

ECON Publications

Fiscal Decentralization is a popular economic development strategy among transition and developing countries. This article reviews the advantages of fiscal decentralization in a theoretical context, but critiques the relevance of the standard theory of federalism as it applies to emerging economies. It is argued that the macroeconomic benefits of fiscal centralization, the absence of good instruments of local government finance, and the centralist politics that characterize most low income countries have been strong enough to hold back increased emphasis on local government finance.

China: Evaluating The Impact Of Intergovernmental Fiscal Reform, Roy W. Bahl

ECON Publications

In China's fiscal system, the distinction blurs as among tax policy reform, tax administration reform, and intergovernmental fiscal reform. So linked are they that changes in any one of the three legs of the public financing structure will automatically affect the other two:

• all tax rates and bases are centrally determined, so structural changes have direct impacts on local as well as central government revenues;
• revenues from these centrally determined taxes are shared between the central and local governments, partly on a derivation basis with the retention rates varying by tax, and partly in the form of an ad hoc …