Regional Decentralization and Fiscal Incentives: Federalism, Chinese Style

Hehui Jin, Yingyi Qian and Barry R. Weingast

Chapter 13 in The Economics of Transition, 2007, pp 455-480 from Palgrave Macmillan

Abstract: Abstract Reforming the government is a crucial component of both the transition from a planned to a market economy and economic development. Creating thriving markets in these economies typically requires transforming a highly centralized and interventionist government into one that supports the market and fosters decentralized economic activities. Democracy, separation of powers, and the rule of law are among the important institutions that allow citizens to hold the government accountable for its economic actions and to secure markets from arbitrary state intrusion. By devolving power from the central to local levels, federalism is another institution that helps implement a limited yet effective government conducive to market development.

Date: 2007
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-74092-5_13

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349740925

DOI: 10.1057/978-1-349-74092-5_13

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().