Federalism with and without Political Centralization: China Versus Russia
In China, local governments have actively contributed to the growth of new firms. In Russia, local governments have typically stood in the way, be it through taxation, regula or corruption. We argue that the difference can be traced to lies in the degree of political centralization present in China,...
|Published in:||IMF staff papers : a quarterly journal of the IMF, Vol. 48 (2001), p. 171-179|
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|Item Description:||Copyright: Copyright 2001 International Monetary Fund|
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