Economics, Econometrics and Finance
8 years ago

China's Public Goods Shortage Fuels Corruption and Inefficiency

Cai-jing wenti yanjiu
On the Limitations for Chinese Government to Supply Public Goods
LU Hong-you

Paper Summary

The supply of public goods in China is mainly controlled by the government, leading to issues like inefficient resource allocation, corruption, and a shortage of public goods. The current system relies too much on government regulation and lacks competition. To improve this, a new system for providing public goods in China needs to be established.

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