Economics, Econometrics and Finance
8 years ago

New perspective on public finance in China sparks institutional change debate.

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Journal of Xi'an Institute of Finance and Economics
On the Institutional Change of the Public Finance in China From the Viewpoint of Neo-Institutional Economics
Xue Wei-guo

Paper Summary

The changing of public finance in China is influenced by comparing the benefits and costs of different institutions, as well as the costs of changing from old to new systems. This Neo-institutional Economics perspective offers a fresh way to understand why public finance in China is evolving.

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