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Growth effects of fiscal decentralization: empirical evidence from China’s provinces

Growth effects of fiscal decentralization: empirical evidence from China’s provinces

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:https://doi.org/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 / Department / Research Group: Faculty of Business
Faculty of Business > Greenwich Political Economy Research Centre (GPERC)
Faculty of Business > Institute of Political Economy, Governance, Finance and Accountability (IPEGFA) > Greenwich Political Economy Research Centre (GPERC)
Related URLs:
Last Modified: 02 Nov 2016 13:52
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
Selected for GREAT 2019: None
URI: http://gala.gre.ac.uk/id/eprint/12777

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