Infrastructure investment in China: A model of local government choice under land financing
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DOI: 10.1016/j.asieco.2018.04.001
Abstract: What factors contribute to high – even excessive – investment in public infrastructure? One explanation identified in the literature is fiscal decentralization and resulting competition for mobile capital among localities. We elaborate on this explanation… read more here.
Keywords: land financing; model local; investment; infrastructure ... See more keywords
Government debt, land financing and distributive justice in China
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DOI: 10.1177/0042098020938523
Abstract: Massive funds that are necessary to finance China’s capital-intensive urbanisation are channelled through Local Government Financing Vehicles (LGFVs), which are established by local governments to circumvent the prohibition on borrowing. This study examines LGFV development… read more here.
Keywords: land financing; land; finance; local governments ... See more keywords