作者：Li Zhang; Xinye Zheng; Quan Zhang
发表时间：2010-01-06
概要：
In the vast literature of fiscal decentralization, many studies have tried to test empirically the relationship between fiscal decentralization and economic growth. With different measurements of fiscal decentralization and data sets, the studies seem inconclusive on that. Our study takes prefecture level governments in China, one of the important decision making agents as our targets. Our empirical results show that, more fiscal resources allocated to sub-prefecture level
governments would contribute negatively to economic growth. Centralization instead of decentralization of fiscal resources to the prefecture level governments is preferred for economic growth. From this aspect, we argue that removing prefecture level governments is not a sensible choice for the sake of economic growth.
关键词：fiscal decentralization; economic growth; fiscal centralization; prefecture level governments
