Fiscal federalism has provided the institutional basis for the rapid highway boom in China for three decades, creating a close linkage between subnational investment and revenue claims on tolled roads. This model of capitalization is financially unsustainable and undermines the standardization of taxation and contracting of public–private partnership projects.
Research Article| June 01 2018
The Politics of Financing the Highway Boom in China: For Whom the Road Tolls Rise
Asian Survey (2018) 58 (3): 511–534.
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Kun-Chin Lin; The Politics of Financing the Highway Boom in China: For Whom the Road Tolls Rise. Asian Survey 1 June 2018; 58 (3): 511–534. doi: https://doi.org/10.1525/as.2018.58.3.511
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