Growth Effects of Fiscal Decentralization: Empirical Evidence from China's Provinces
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 c...
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| Veröffentlicht in: | Emerging markets finance & trade 2014-07, Vol.50 (4), p.176-195 |
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| creator | Jalil, Abdul Feridun, Mete Sawhney, Bansi L. |
| description | 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. |
| doi_str_mv | 10.2753/REE1540-496X500411 |
| format | Article |
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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.</description><identifier>ISSN: 1540-496X</identifier><identifier>EISSN: 1558-0938</identifier><identifier>DOI: 10.2753/REE1540-496X500411</identifier><language>eng</language><publisher>Abingdon: Routledge</publisher><subject>China ; China (People's Republic) ; Decentralization ; Economic development ; Economic growth ; Economic indicators ; fiscal decentralization ; Fiscal policy ; Growth models ; Principal components analysis ; Provinces ; Studies</subject><ispartof>Emerging markets finance & trade, 2014-07, Vol.50 (4), p.176-195</ispartof><rights>Copyright Taylor & Francis Group, LLC 2014</rights><rights>Copyright © 2014 M.E. Sharpe, Inc.</rights><rights>Copyright M. E. Sharpe Inc. 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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.</description><subject>China</subject><subject>China (People's Republic)</subject><subject>Decentralization</subject><subject>Economic development</subject><subject>Economic growth</subject><subject>Economic indicators</subject><subject>fiscal decentralization</subject><subject>Fiscal policy</subject><subject>Growth models</subject><subject>Principal components analysis</subject><subject>Provinces</subject><subject>Studies</subject><issn>1540-496X</issn><issn>1558-0938</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2014</creationdate><recordtype>article</recordtype><sourceid>7TQ</sourceid><recordid>eNp9kEtLAzEUhQdRsFb_gKuAiG5G85yH4ELqtAoFRSq4C5lMQlNmJjWZttRfb8oURBeubrj3Ozfnnig6R_AGp4zcvhUFYhTGNE8-GIQUoYNogBjLYpiT7HD33k-PoxPvFxCijKBsEM0mzm66OSi0VrLzwGowNl6KGjwqqdrOidp8ic7Y9g4UzdI4s5sVa1OpViqgnW3AaG5aceXBq7NrE7r-NDrSovbqbF-H0fu4mI2e4unL5Hn0MI0lZUkXE4iDxUSRPLjRBGkZTFFZaUEJTLVSVVJqmJdI5DD0VUkhhpkqc5xKhWlFhtF1v3fp7OdK-Y43wbuqa9Equ_IcJUkazkcsD-jFH3RhV64N7gKFGSIYZ2mgcE9JZ713SvOlM41wW44g3wXN90Hzn6CD6LIXLXxn3S9FOINjStMkSAN333Om1dY1YmNdXfFObGvrtBOtNJ6Tf_75Bo3GjyU</recordid><startdate>20140701</startdate><enddate>20140701</enddate><creator>Jalil, Abdul</creator><creator>Feridun, Mete</creator><creator>Sawhney, Bansi L.</creator><general>Routledge</general><general>M.E. 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| ispartof | Emerging markets finance & trade, 2014-07, Vol.50 (4), p.176-195 |
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| source | Jstor Complete Legacy; PAIS Index; Business Source Complete |
| subjects | China China (People's Republic) Decentralization Economic development Economic growth Economic indicators fiscal decentralization Fiscal policy Growth models Principal components analysis Provinces Studies |
| title | Growth Effects of Fiscal Decentralization: Empirical Evidence from China's Provinces |
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