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Benefits and Costs of Fiscal Decentralization in China

Ma Guangrong
€192.20
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A01=Ma Guangrong
Author_Ma Guangrong
Category=GTM
Category=JP
Category=KCM
Category=KCP
Category=KFCP
Chinese Economics
Chinese Politics
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eq_business-finance-law
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eq_non-fiction
eq_society-politics
expenditure decentralisation
fiscal equalisation policy analysis
Fiscal Policy
intergovernmental fiscal relations
local government incentives
market fragmentation effects
Public Finance
regional income disparities
revenue sharing mechanisms

Product details

  • ISBN 9781032916453
  • Weight: 720g
  • Dimensions: 156 x 234mm
  • Publication Date: 01 Apr 2026
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Hardback
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Description

This book examines China's fiscal decentralization and its economic impact through local government incentives. It focuses on three key areas: expenditure decentralization, revenue decentralization and intergovernmental transfers. The analysis weighs the benefits and costs of these fiscal practices in terms of China's economic development.
The author observes that China’s high degree of fiscal expenditure and revenue decentralization has empowered local governments to pursue economic development vigorously. However, it has also created insufficient incentives to provide public welfare services and to adjust income distribution. This has exacerbated local protectionism and fragmented the domestic market. While intergovernmental transfers to less developed regions have gradually improved fiscal equalization and mitigated regional disparities since the 1994 tax-sharing reform, they have weakened the economic development incentives of recipient local governments. This book concludes with reform proposals for optimizing central–local fiscal relations.
This book will be of interest to scholars of the Chinese economy, public finance and development economics.
About Ma Guangrong

Ma Guangrong is Professor and Vice Dean of the School of Finance at Renmin University of China. He is a Yangtze River Scholar of the Ministry of Education and the lead expert on a Major Project of the National Social Science Fund of China. His main areas of research are public finance and development economics. His research contributions have been recognized with multiple awards, including the Higher Education Outstanding Scientific Research Output Award from the Ministry of Education and the Zhang Peigang Award for Young Economists in Development Economics.

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