The Local Debt Management System Reform,introduced in 2014 and implemented in subsequent years,was a key initiative by the Chinese government to mitigate local government debt risks.Using its implementation as a natur...
supported by the National Natural Science Foundation of China (72173015);the major Project of Key Research Base for Humanities and Social Sciences of the Ministry of Education of China (22JJD790006);and the Scientific Research Think Tank Project of the Education Department of Liaoning Province (LN2020X05)
Using firm-level panel data on fiscal subsidies and R&D investment, this study employs a propensity score matching method to obtain a matched dataset. After a parametric estimation of the impact of different categorie...
China has allocated a combined 10 trillion yuan(US$1.39 trillion)in new fiscal funding to replace hidden local government debt,or liabilities that local governments do not o"cially report.This marks one of the largest...
China deploys one of its largest-ever fiscal initiatives to address hidden liabilities China has allocated a combined 10 trillion yuan($1.39 trillion)in new fiscal funding to replace hidden local government debt,or li...
supported by the key project of National Natural Science Foundation of China titled"The Influence of National Pooling of Basic Pension Insurance for Urban Employees on Local Governments'Premium Collection Behavior:Mechanism Exploration,Empirical Test and Policy Optimization" (No.72304283);Central universities basic scientific research business funding project titled"The Impact of National Pooling on the Sustainability of Pension Insurance Fund and Policy Optimization:From the Perspective of Local Government Premium Collection Behavior" (No.2722023BY016).
In January 2022,China introduced a national pooling system for pension insurance fund,With the objective of inter-regional fund surplus and deficit adjustment.With the ongoing trend of population aging,can the nationa...
This paper quantifies the regional economic contributions of coal exports from the US using a case study of Signal Peak Energy in Montana. Two methods of estimating economic contributions are compared, contribution an...
Facing challenges of population decline and fiscal austerity,Japan has implemented a series of initiatives to promote public-private partnerships(PPP)to ensure the sustainability of urban parks and revitalize urban sp...
This is a result of“Research on the Financial Management System of the Three Bureaus in the Northern Song Dynasty”(No.18CZS017),a youth project of the National Social Science Fund of China.
The fiscal planning system in the early Northern Song Dynasty was managed by the Three Bureaus.It was built on the system of the previous dynasty and came into being as a result of the centralism of financial power at...
In contrast to the traditional Western approach to macro-fiscal management,China’s proactive fiscal policy is founded on a people-centered development philosophy and,with distinctive Chinese characteristics,is a sign...
China’s proactive fiscal policy adheres to the development ideology centered around the people and differs from the traditional Western logic of macro-fiscal policy.It bears distinct Chinese characteristics and repre...