Should China revisit the 1994 fiscal reforms?
Should China revisit the 1994 fiscal reforms?
View/Date of Publication
09.2011Publisher
Center for Development Research (ZEF), University of BonnPublisher Location
BonnMetadata
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Citable Link (Handle URI) 
https://hdl.handle.net/20.500.11811/12246
Abstract
The 1994 reforms in China were remarkably successful in stabilizing the economy and raising revenues for the benefit of sustainable growth and permitting the central government to redistribute resources to poorer regions through an equalization framework. However, the rise of informal local borrowing in the absence of effective own-source revenues raises possible risks and imbalances in the future. There is thus a need to reconsider the fundamentals of intergovernmental fiscal relations, building on the basis laid in the 1994 reforms.
Classification (DDC)
300 Sozialwissenschaften, Soziologie, Anthropologie 320 Politik 330 WirtschaftFirst Publication
https://www.zef.de/fileadmin/user_upload/zef_dp_154.pdfPart of Series
ZEF-Discussion Papers on Development Policy ; 154Ahmad, Ehtisham: Should China revisit the 1994 fiscal reforms?. Bonn: Center for Development Research (ZEF), University of Bonn, 2011. In: ZEF-Discussion Papers on Development Policy, 154.
Online-Ausgabe in bonndoc: https://hdl.handle.net/20.500.11811/12246
Online-Ausgabe in bonndoc: https://hdl.handle.net/20.500.11811/12246
@techreport{handle:20.500.11811/12246,
author = {{Ehtisham Ahmad}},
title = {Should China revisit the 1994 fiscal reforms?},
publisher = {Center for Development Research (ZEF), University of Bonn},
year = 2011,
month = sep,
series = {ZEF-Discussion Papers on Development Policy},
volume = 154,
note = {The 1994 reforms in China were remarkably successful in stabilizing the economy and raising revenues for the benefit of sustainable growth and permitting the central government to redistribute resources to poorer regions through an equalization framework. However, the rise of informal local borrowing in the absence of effective own-source revenues raises possible risks and imbalances in the future. There is thus a need to reconsider the fundamentals of intergovernmental fiscal relations, building on the basis laid in the 1994 reforms.},
url = {https://hdl.handle.net/20.500.11811/12246}
}
author = {{Ehtisham Ahmad}},
title = {Should China revisit the 1994 fiscal reforms?},
publisher = {Center for Development Research (ZEF), University of Bonn},
year = 2011,
month = sep,
series = {ZEF-Discussion Papers on Development Policy},
volume = 154,
note = {The 1994 reforms in China were remarkably successful in stabilizing the economy and raising revenues for the benefit of sustainable growth and permitting the central government to redistribute resources to poorer regions through an equalization framework. However, the rise of informal local borrowing in the absence of effective own-source revenues raises possible risks and imbalances in the future. There is thus a need to reconsider the fundamentals of intergovernmental fiscal relations, building on the basis laid in the 1994 reforms.},
url = {https://hdl.handle.net/20.500.11811/12246}
}
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