000			01726nab a2200277 c 4500
003			ES-MaIEF
005			20190115141116.0
007			ta
008			190115t2018 ne ||||ss|||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
041			_aeng
100	1		_966891 _aYu, Liu
245			_aGovernment extraction and firm size _b : Local officials' responses to fiscal distress in China _c Yu Liu
260			_c2018
500			_aDisponible únicamente el PDF en el Repositorio de la Biblioteca del IEF con el nombre de: 1397-2018-4LIU.
500			_aResumen
504			_aBibliografía.
520			_aThis paper studies how government extraction behaviors respond to local fiscal distress in China. We exploit the 2002 Chinese Income Tax Reform which exogenously cut local government revenues from income taxes roughly by half. We find that, when facing fiscal distress, local officials resort to informal taxes, such as fees and levies, instead of formal taxes to supplement revenue. On average, the increase in informal taxes recovered 75 percent of the local government revenue loss due to the reform. The increases are more pronounced along the intensive margin and are primarily driven by more extractions from large firms. We also find that the reform led to reductions in investment and growth rates of small firms and consistently more small firms in the total size distribution.
650		4	_946373 _aIMPUESTOS LOCALES
650		4	_910750 _aREFORMA
650		4	_947378 _aINGRESOS FISCALES
650		4	_943504 _aEMPRESAS
650		4	_933911 _aCHINA
773	0		_9158354 _oOP 1397/2018/4 _tJournal of Comparative Economics _w(IEF)21314 _x 0147-5967 _g v. 46, n. 4, December 2018, p. 1310-1331
942			_cRE
999			_c139673 _d139673