Provincial and Local Governments in China: Fiscal Institutions and Government Behavior
---- Acknowledgements ----
We would like to express our gratitude for the comments and suggestions that we received from Joseph Fan, Alex Gelber, Hua Li, Zhigang Li, Randall Morck, Bernard Yeung and participants at presentations at Tsinghua University, the NBER pre-conference in Cambridge MA, and the NBER-CUHK conference in Hong Kong on "Capitalizing China." We would like to thank CKGSB for its hospitality and financial support. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.