This work provides a critical review and discussion of studies that have been conducted in the past regarding the fiscal policy and soft budget constraints of China. The author explains the concept of fiscal sustainability and reviews some of the fiscal policies adopted by China to realise fiscal sustainability. The author also evaluates the challenges towards attaining fiscal sustainability in China and discusses the the concept of soft budget constraint and how it has been cultivated into China’s fiscal policies.
Inhaltsverzeichnis (Table of Contents)
- LITERATURE REVIEW
- Fiscal sustainability in China
- 'Soft' budget constraints (SBC) in China
- Literature summary and research hypotheses
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This literature review critically examines the concept of fiscal sustainability and the presence of soft budget constraints (SBC) in China. It aims to provide a comprehensive understanding of these issues and their implications for Chinese fiscal policy.
- Fiscal Sustainability in China
- Soft Budget Constraints (SBC) in China
- The Impact of SBC on Fiscal Sustainability
- The Role of State-Owned Enterprises and Local Governments
- Fiscal Decentralization and its Effects
Zusammenfassung der Kapitel (Chapter Summaries)
- Fiscal sustainability in China: This section defines fiscal sustainability and examines the challenges faced by China in achieving this goal. It analyzes the role of fiscal decentralization and the impact of local government initiatives on fiscal sustainability.
- 'Soft' budget constraints (SBC) in China: This section explores the concept of soft budget constraints and how they have manifested in China's fiscal policies. It discusses the role of state-owned enterprises and local governments in fostering SBC and the consequences for the banking sector and overall fiscal health.
Schlüsselwörter (Keywords)
This literature review focuses on the keywords: fiscal sustainability, soft budget constraints, China, state-owned enterprises, local government, fiscal decentralization, public finance, and debt management. These keywords are crucial in understanding the complex relationship between fiscal policies, government finances, and economic growth in China.
- Quote paper
- Difrine Madara (Author), 2019, The fiscal policy and soft budget constraints of China, Munich, GRIN Verlag, https://www.grin.com/document/520216
