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Intergovernmental Fiscal Relations and Macroeconomic Management

Chapter
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Part of the Studies on the Chinese Economy book series (STCE)

Abstract

The evolution of central-local fiscal relations has been the most important element of China’s decentralization process over the past 15 years. It is widely agreed that fiscal decentralization has provided local governments with enormous incentives and fiscal powers to develop local economies and regional competition under the decentralized system has encouraged policy innovations at the local level. This chapter, however, will focus on the impact of fiscal decentralization on the central government’s ability to achieve macroeconomic objectives, an area that has been paid insufficient attention but that is of extreme importance.

Keywords

Central Government Fiscal Decentralization Expenditure Responsibility Intergovernmental Transfer Intergovernmental Relation 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Jun Ma 1997

Authors and Affiliations

  1. 1.The World BankUSA

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