Liu, Y., J. Alm ——Journal of Housing Economics: "Province-Managing-County" Fiscal Reform, Land Expansion, and Urban Growth in China
时间:2016-10-23
The central government of the People's Republic of China enacted a fiscal reform known as the “Province-Managing-County” (PMC) fiscal reform in the early 2000s. This reform eliminated the prefecture city government as the intermediate layer between the province and the county, and was intended largely to improve administrative efficiency and to lessen the fiscal stress of county governments. We apply a difference-in-difference method using a panel data set of 263 cities nationwide over the perio