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Public Finance in China since the Late Qing Dynasty

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  • Krug, B.

Abstract

How is "public finance" organized in China? Is China’s public finance system different from that of other countries? Can we detect features which link today’s system to the past? Public finance refers to more than annual state budgets and constitutional procedures. It includes foreign debt, state monopolies or monetary policies, all of which played a crucial role in China’s public finance during the last hundred years. A purely legislative definition obscures the fact that changes in public finance have contributed to the collapse of political regimes such as Imperial China (1911), Republican China (1927), and KMT-China (1945), as well engendered regime changes in 1949, 1961 and 1978. From a more comprehensive economic perspective public finance in China encompasses institutions, organizations and policies.

Suggested Citation

  • Krug, B., 2008. "Public Finance in China since the Late Qing Dynasty," ERIM Report Series Research in Management ERS-2008-005-ORG, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    • Handle: RePEc:ems:eureri:11287
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    File URL: https://repub.eur.nl/pub/11287/ERS-2008-005-ORG.pdf
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    References listed on IDEAS

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    1. Verheul, I. & Thurik, A.R. & Grilo, I., 2008. "Explaining Preferences and Actual Involvement in Self-Employment: New Insights into the Role of Gender," ERIM Report Series Research in Management ERS-2008-003-ORG, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    2. Barbara Krug & Hans Hendrischke (ed.), 2007. "The Chinese Economy in the 21st Century," Books, Edward Elgar Publishing, number 4125.
    3. Yingyi Qian & Barry R. Weingast, 1996. "China's transition to markets: market-preserving federalism, chinese style," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 1(2), pages 149-185.
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    More about this item

    Keywords

    China; KMT-China; imperial China; public finance; republican China;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • M - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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