Jalil, Abdul, Feridun, Mete and Sawhney, Bansi L. (2014) Growth effects of fiscal decentralization: empirical evidence from China’s provinces. Emerging Markets Finance and Trade, 50 (4). pp. 176-195. ISSN 1540-496X (Print), 1558-0938 (Online) (doi:10.2753/REE1540-496X500411)

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Abstract

In this paper, we revisit the fiscal decentralization-economic growth nexus in the case of China's provinces using autoregressive distributed lag bounds tests and pooled mean group estimators with time series data from the period 1979-2009. Using principal component analysis, we build a novel composite fiscal decentralization indicator consisting of five different fiscal decentralization measures and use it in the models in addition to conventional fiscal decentralization variables. The results suggest that there is a strong, positive, and statistically significant relationship between fiscal decentralization and economic growth in most provinces in China in both the short run and the long run.

Item Type:	Article
Uncontrolled Keywords:	China, economic growth, fiscal decentralization
Subjects:	H Social Sciences > HG Finance H Social Sciences > HJ Public Finance
Faculty / School / Research Centre / Research Group:	Faculty of Business Faculty of Business > Institute of Political Economy, Governance, Finance and Accountability (IPEGFA) > Greenwich Political Economy Research Centre (GPERC)
Related URLs:	Publisher
Last Modified:	04 Aug 2021 16:32
URI:	http://gala.gre.ac.uk/id/eprint/12777

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