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dc.contributor.authorChakraborty, Pinakien
dc.contributor.authorZhang, Yanen
dc.date.accessioned2010-02-18-
dc.date.accessioned2011-04-26T07:39:58Z-
dc.date.available2011-04-26T07:39:58Z-
dc.date.issued2009-
dc.identifier.isbn978-92-9230-216-0en
dc.identifier.urihttp://hdl.handle.net/10419/45055-
dc.description.abstractThis paper examines the country specific effect of policy reform on infrastructure spending in China and India. In China we have examined how marketization and decentralization has affected the composition of provincial public expenditure and in the case of India we have examined the impact of fiscal reforms on sub-national infrastructure spending. It is observed that in China with a lower marketization level in 1986-1992, fiscal decentralization had positive effect on development expenditure and negative effect on other expenditure. However, when the marketization level increased, such effects were reversed. In the case of India, the econometric estimates revealed that, in the post-economic liberalization era, financial sector reforms and fiscal reforms have adversely affected the sub-national finances and thereby the infrastructure spending. The fiscal intervention dummy found to be negative for all the sectoral expenditure, though it was expansionary for total expenditure, implying it to be committed/nondevelopmental expenditure driven. Thus, to conclude, as the fiscal space has been shrinking due to reform, there is an urgent need and more so in India for corrective measures to increase the fiscal space for higher infrastructure spending.en
dc.language.isoengen
dc.publisher|aThe United Nations University World Institute for Development Economics Research (UNU-WIDER) |cHelsinkien
dc.relation.ispartofseries|aWIDER Research Paper |x2009/43en
dc.subject.jelH54en
dc.subject.ddc330en
dc.subject.keywordfiscal reformsen
dc.subject.keywordinfrastructure spendingen
dc.subject.keyworddecentralizationen
dc.subject.stwInfrastrukturinvestitionen
dc.subject.stwÖffentliche Ausgabenen
dc.subject.stwFinanzreformen
dc.subject.stwFiskalische Dezentralisierungen
dc.subject.stwChinaen
dc.subject.stwIndienen
dc.titleEconomic reforms and infrastructure spending: Evidence from China and India-
dc.typeWorking Paperen
dc.identifier.ppn616083394en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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