Effects of Chinese-style fiscal decentralization on carbon emissions: is there a role for urban construction investment bonds?

Wang, Jianlong; Liu, Yong; Wang, W.-T.; Wu, Haitao

doi:10.1080/1331677x.2022.2158115

Cited by 3 publications

(1 citation statement)

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“…Fiscal decentralization allows local governments to decide on the allocation and use of resources according to the actual situation and needs of the region, which improves the efficiency of the public sector (Oates, 1993), and also provides space for underdeveloped regions to compete (Qian and Weingast, 1997). Fiscal decentralization represents political decentralization to some extent (Ding et al, 2018), and this gives local officials an incentive to pursue higher GDP (Wang et al, 2020). However, the drawbacks of fiscal decentralization are also evident: under a system that prioritizes economic growth, local governments have created miraculous economic growth (Jin and Zou, 2005), but they have also triggered a crisis of income inequality.…”

Section: Discussionmentioning

confidence: 99%

What are the stumbling blocks to shared prosperity in China

Guo,

Yang,

CAO

2024

Preprint

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statement: Sharing prosperity is a goal of human society, but unreasonable income distributions develop that lead to social unrest and regime change. However, around the world, a small number of people have begun to own most of society’s wealth. China, the world's largest socialist country, is supposed to fight for the rights of the proletariat, but has also been suffering from an increasingly serious wealth inequality. We studied the available income data for Chinese provinces (from 2003 to 2019) and in contrast with previous research, found that the wealth gap depended on how the inequality index was calculated and on differences in regional characteristics. Our results provide insights that will benefit other countries plagued by wealth inequality.

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