In recent years, there has been increasing interest in whether and how bureaucratic
effectiveness contributes to development. Just what makes for an effective bureaucracy and …

In this paper, we offer a comprehensive and updated review of the impact of fiscal
decentralization on the economy, society and politics. Our first target is the examination of …

内容提要: 本文研究了分权背景下的财政体制和政府治理对非经济性公共物品供给的影响.
实证研究发现, 财政分权显著且可观地降低了基础教育的质量, 也减少了城市公用设施的供给 …

Green development is critical for China's economic transformation. Enhancing green total
factor energy efficiency (hereafter GTFEE) is vital to emission reduction and to win-win …

Since the role of fiscal decentralization cannot be overlooked in tracking sustainable
development goals targets of a clean environment and climate mitigation, it is inevitable to …

Environmental management systems may play an important role in environmental pollution
control. Given China's rapid economic development and increases in environmental …

This study highlights the importance of fiscal decentralization in promoting a sustainable
environment. The literature on the importance of fiscal decentralization in affecting …

In the context of the goal of “carbon neutrality”, an economic development model that
achieves emission reduction goals and ensures stable economic growth is currently being …

We formulate a dynamic no-arbitrage asset pricing model for equities and corporate bonds,
featuring time variation in both risk aversion and economic uncertainty. The joint dynamics …

摘要本文发现20 世纪90 年代中期以来中国地方公共品供给水平有下降趋势,
同时发现较高的公共品供给水平总是和较高的地方财政自主权联系在一起 …