Fiscal decentralization and regional budgets’ changing roles: a comparative case study of Russia and China

  title={Fiscal decentralization and regional budgets’ changing roles: a comparative case study of Russia and China},
  author={Denis V. Kadochnikov},
  journal={Area Development and Policy},
  pages={428 - 446}
  • D. Kadochnikov
  • Published 1 October 2020
  • Economics, Political Science
  • Area Development and Policy
ABSTRACT An important aspect of economic reforms in Russia and China over the last several decades has been the transformation of their public finances and, in particular, the revision of the status and the capacities of the two countries’ regional budgets. In search of effective approaches to the division of revenues and expenditures between national and subnational authorities, the Russian Federation and the People’s Republic of China have chosen different paths. While China’s central… 
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