Getting it Right: Financing Urban Development in China
AbstractThis paper is a brief review of some issues in urban finance facing China’s larger cities. It argues that at present many key aspects of the ways in which local and metropolitan governments finance infrastructure and services in China seem to be both too obscure for proper accountability and too perverse for efficient use of scarce urban land and capital. Given the importance of urban areas for sustained national development, it is important to get urban finance “right” in the sense of providing the right signals to both public and private actors in urban development. Some suggestions are made on how this might perhaps be done by better designed user charges, property taxes, and other instruments.
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Bibliographic InfoPaper provided by International Tax Program, Institute for International Business, Joseph L. Rotman School of Management, University of Toronto in its series International Tax Program Papers with number 0413.
Length: 38 Pages
Date of creation: Aug 2004
Date of revision: Nov 2004
China; urban finance; user charges; local taxes; infrastructure finance; public-private partnerships;
Other versions of this item:
- Richard M. Bird, 2004. "Getting it Right: Financing Urban Development in China," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper0435, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
- O18 - Economic Development, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
- H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
- R51 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Finance in Urban and Rural Economies
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-12-12 (All new papers)
- NEP-SEA-2004-12-12 (South East Asia)
- NEP-TRA-2004-12-12 (Transition Economics)
- NEP-URE-2004-12-12 (Urban & Real Estate Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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