摘要本文以地方融资平台公司发行的城投债为样本, 研究来自中央政府的财政转移支付对于地方
城投债发行的影响. 研究发现, 来自中央政府的人均财政专项转移支付每增加1 元 …

This paper develops a dynamic infinite-horizon model with two layers of governments to
study theoretically and quantitatively how fiscal decentralization affects local and central …

The present study examines the incentive effects of fiscal equalization transfers on local
corporate tax rates from theoretical and empirical perspectives. The study focuses on …

This study attempts to explain the relationship between government debt and household
wealth inequality, and further discusses possible channels of influence to provide ideas for …

This paper selectively surveys the theoretical literature to date on governmental soft budgets
where governments are bailing out other governments. The traditional view of …

Local governments in China have strong incentives to overborrow, leading to unsustainable
local debt. Recent research suggests that higher central government transfers serve as a …

Mergers of local governments, commonly referred to as municipal mergers, have been
widely implemented to internalize spillover effects. Many empirical studies point out that …

The present study examines the incentiv¬ e effects of fiscal equalization transfers on local
corporate tax rates from theoretical and empirical perspectives. The study focuses on …

We consider jurisdictions of different population size that provide local public goods with
positive spillovers. Matching grants can induce optimal expenditure levels, but the regions …