Social-Justice Principles Should Apply in Public Expenditure

LIU Qiongzhi1( 刘穷志 )
1Associate professor, The School of Economics and Management, Wuhan University

Editorial note:

The ultimate incidence of public expenditure eventually impacts the sustainable development of an economy through such channels such as capital formation, income distribution regulation and social security. Therefore, from a global perspective, this presents an important subject matter. Current studies, however, have yet to reach a theoretical or empirical consensus on this issue. This article attempts to construct a simple model of the incidence of public expenditure from a rich-versus-poor angle, and then provides empirical evidence in this regard. Given the limited availability and deficiency of micro-data, the author conducts a validation using China’s inter-provincial data to draw meaningful conclusions and offer convincing explanations.

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