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Journal Articles Economic Change and Restructuring Year : 2019

Provincial public expenditure in China: a tale of pro-cyclicality

Abstract

This paper examines the cyclicality of provincial expenditure inChina during the period 1978–2013. Using panel data for analysis, it assesses whether provincial expenditure has been pro-cyclical. Pro-cyclicality is found to be a regular feature of provincial fiscal policy. This pro-cyclicality occurs both in times of low and high growth rates and has markedly intensified since 1994 with the increased autonomy of provinces. The paper further finds that the pro-cyclicality bias is mitigated when financial constraints are relaxed, the remaining political life of the governor is long, government efficiency is strong, corruption incidence is low, and governments are large.
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Dates and versions

hal-01727900 , version 1 (07-12-2021)

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Jean-Louis Combes, Mary-Françoise Renard, Sampawende J.-A. Tapsoba. Provincial public expenditure in China: a tale of pro-cyclicality. Economic Change and Restructuring, 2019, pp.19-41. ⟨10.1007/s10644-017-9215-4⟩. ⟨hal-01727900⟩
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