Economics, Econometrics and Finance
5 years ago

China's Public Institutions Undergo Transformative Fiscal Reforms, Enhancing National Governance and Public Service.

1 view
International Journal of Economic Behavior and Organization
Public Institution Reform in China from the Perspective of Fiscal Logic
Wei Fan

Paper Summary

Public institutions in China rely heavily on government funding and have a mix of official and civilian roles. A new model was created to understand how public needs, national governance, and fiscal risks are connected. The model suggests that reforming public institutions in China should focus on meeting public needs and improving national governance. This means providing better public services, avoiding monopolies, and innovating how funds are used.

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