Fiscal Decentralization in China: A Literature Review

Zhiguo Wang and Liang Ma
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Zhiguo Wang: School of Management, Xi'an Jiaotong University
Liang Ma: Nanyang Centre for Public Administration, Nanyang Technological University

Annals of Economics and Finance, 2014, vol. 15, issue 1, 51-65

Abstract: Understanding the logic of fiscal decentralization is pivotal to the next steps of fiscal reform. The first step is a retrospection of the literature and evidence accumulated in the field. As a typical transition economy with rapid and extensive devolution reforms, China is the ideal context to examine the causes, processes, and effects of fiscal decentralization, which will attract numerous academic endeavors, both domestic and abroad. However, the literature has not been fully reviewed and the evidence on fiscal decentralization remains mixed and inconclusive. This paper is a comprehensive review of the latest advancements in the area of fiscal decentralization in China over the past decades. The processes, characteristics, and measurements of fiscal decentralization are firstly reviewed and the antecedents and consequences of fiscal decentralization are then synthesized. The knowledge gap and avenues for future research are finally discussed with the ultimate goal of making knowledge about fiscal decentralization in China contributive, accumulative, and sustainable.

Keywords: Fiscal decentralization; Federalism; New development; Corruption; China; Review (search for similar items in EconPapers)
JEL-codes: H1 H2 H5 H7 P10 R5 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:cuf:journl:y:2014:v:15:i:1:wangzhiguo

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