The Politics of Financing the Highway Boom in China: For Whom the Road Tolls Rise
Published version
Peer-reviewed
Repository URI
Repository DOI
Change log
Authors
Lin, Kun-Chin https://orcid.org/0000-0003-4556-3061
Abstract
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.
Description
Keywords
fiscal federalism, highway network, public-private partnership, toll roads, local government debt
Journal Title
Asian Survey
Conference Name
Journal ISSN
0004-4687
1533-838X
1533-838X
Volume Title
58
Publisher
University of California Press
Publisher DOI
Sponsorship
British Academy, Contemporary China Studies Programme (Oxford), Chinese Academy of Social Sciences, and National University of Singapore