Provincial public expenditure in China: a tale of pro-cyclicality

Abstract : This paper examines the cyclicality of provincial expenditure inChina during the period 1978–2013. Using panel data for analysis, it assesses whether provincial expenditure has been pro-cyclical. Pro-cyclicality is found to be a regular feature of provincial fiscal policy. This pro-cyclicality occurs both in times of low and high growth rates and has markedly intensified since 1994 with the increased autonomy of provinces. The paper further finds that the pro-cyclicality bias is mitigated when financial constraints are relaxed, the remaining political life of the governor is long, government efficiency is strong, corruption incidence is low, and governments are large.
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Article dans une revue
Economic Change and Restructuring, Springer Verlag, In press, 〈10.1007/s10644-017-9215-4〉
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https://hal.archives-ouvertes.fr/hal-01727900
Contributeur : Cerdi Etudes & Documents - Publications <>
Soumis le : vendredi 9 mars 2018 - 16:14:43
Dernière modification le : mercredi 12 décembre 2018 - 12:04:01

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Jean-Louis Combes, Mary-Françoise Renard, Sampawende J.-A. Tapsoba. Provincial public expenditure in China: a tale of pro-cyclicality. Economic Change and Restructuring, Springer Verlag, In press, 〈10.1007/s10644-017-9215-4〉. 〈hal-01727900〉

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