The dynamics of redistribution, inequality and growth across China’s regions

IF 3.5 2区经济学 Q1 ECONOMICS

Journal of Policy Modeling Pub Date : 2024-05-01 DOI:10.1016/j.jpolmod.2024.01.011

Xiaoliang Yang , Lucy Barros , Kent Matthews , David Meenagh

引用次数: 0

Abstract

China’s experience has triggered debate over a trade-off between aggregate growth and regional equity. We develop a three-region model of China where local government decisions are driven by central government tax transfer instruments. These affect local TFP dynamics and regional inequality. We find regional asymmetry in how transfers are awarded. Transfer policies pursued since the 1994 tax-sharing reform prevented a 15% rise in regional inequality, at an 8% cost to aggregate GDP. Temporarily reducing local government non-tax fees on private firms in poorer regions lowers regional inequality permanently at no aggregate growth cost, as would imposing uniformity in central transfer rules.

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中国各地区再分配、不平等与增长的动态变化

中国的经验引发了关于总量增长与地区公平之间权衡的讨论。我们建立了一个中国三地区模型，在这个模型中，地方政府的决策受中央政府税收转移工具的驱动。这些工具会影响地方全要素生产率动态和地区不平等。我们发现，转移支付的发放方式存在地区不对称性。自 1994 年分税制改革以来实施的转移支付政策防止了地区不平等上升 15%，但总 GDP 却损失了 8%。临时减少贫困地区地方政府对私营企业的非税收费，可以永久性地降低地区不平等，而不会对总增长造成任何损失，中央转移支付规则的统一性也是如此。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Policy Modeling ECONOMICS-

CiteScore

6.20

自引率

11.40%

发文量

期刊介绍： The Journal of Policy Modeling is published by Elsevier for the Society for Policy Modeling to provide a forum for analysis and debate concerning international policy issues. The journal addresses questions of critical import to the world community as a whole, and it focuses upon the economic, social, and political interdependencies between national and regional systems. This implies concern with international policies for the promotion of a better life for all human beings and, therefore, concentrates on improved methodological underpinnings for dealing with these problems.