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Property Taxation in the People’s Republic of China

May 12, 2014 Comments off

Property Taxation in the People’s Republic of China
Source: Asian Development Bank

The property taxation system in the People’s Republic of China (PRC) is still developing and does not include important features that would make it efficient. For instance, residential property is excluded from the tax base. This has contributed to real estate speculation, income disparity, and revenue losses.

A well-functioning local property tax system in the PRC would provide an efficient, equitable and sustainable way to finance local development and government spending. By helping to align expenditure responsibilities with revenue allocations at the local level, property taxation could reduce inequality in the provision of public goods and foster local government ability to provide them. Further, it will reduce the incentive for speculative behavior mitigating housing bubbles.

To further develop property taxation in the PRC it is recommended to gradually strengthen and expand the existing pilots, supported by clear principles on the delegation of taxation responsibilities, the definition of a nationally standardized tax base, an affordable tax rate, and enhanced local government capacity.

This policy note aims at drawing policy recommendations for future developments in property taxation in the People’s Republic of China (PRC) by reviewing best international practices and specific challenges in the PRC.

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Income Distributions, Inequality, and Poverty in Asia, 1992-2010

April 1, 2014 Comments off

Income Distributions, Inequality, and Poverty in Asia, 1992-2010
Source: Asian Development Bank Institute

In this paper, income distributions for developing countries in Asia are modeled using beta-2 distributions, which are estimated by a method of moments procedure applied to grouped data. Estimated parameters of these distributions are used to calculate measures of inequality, poverty, and pro-poor growth in four time periods over 1992–2010. Changes in these measures are examined for 11 countries, with a major focus on the People’s Republic of China (PRC), India, and Indonesia, which are separated into rural and urban regions. We find that the PRC has grown rapidly with increasing inequality accompanying this growth. India has been relatively stagnant. Indonesia has grown rapidly after suffering an initial set back from the Asian financial crisis in 1997.

Public Service Delivery: Role of Information and Communication Technology in Improving Governance and Development Impact

March 31, 2014 Comments off

Public Service Delivery: Role of Information and Communication Technology in Improving Governance and Development Impact
Source: Asian Development Bank

The focus of this paper is on improving governance through the use of information and communication technology (ICT) in the delivery of services to the poor, i.e., improving efficiency, accountability, and transparency, and reducing bribery. A number of papers recognize the potential benefits but they also point out that it has not been easy to harness this potential. This paper presents an analysis of effective case studies from developing countries where the benefits have reached a large number of poor citizens. It also identifies the critical success factors for wide-scale deployment.

The paper includes cases on the use of ICTs in the management of delivery of public services in health, education, and provision of subsidized food. Cases on electronic delivery of government services, such as providing certificates and licenses to rural populations, which in turn provide entitlements to the poor for subsidized food, fertilizer, and health services are also included. ICT-enabled provision of information to enhance rural income is also covered.

Inequality in the Asia and Pacific Region: 12 Things to Know

October 9, 2013 Comments off

Inequality in the Asia and Pacific Region: 12 Things to Know
Source: Asian Development Bank

Despite Asia’s remarkable economic progress over the last decades, inequality remains a problem in the region.

Key Indicators for Asia and the Pacific 2012

September 6, 2012 Comments off

Key Indicators for Asia and the Pacific 2012

Source:  Asian Development Bank
The Key Indicators for Asia and the Pacific 2012 (Key Indicators), the 43rd edition of this series, includes the latest available economic, financial, social, and environmental indicators for the 48 regional members of the Asian Development Bank (ADB). This publication aims to present the latest key statistics on development issues concerning the economies of Asia and the Pacific to a wide audience, including policy makers, development practitioners, government officials, researchers, students, and the general public. Part I of this issue of the Key Indicators is a special chapter—Green Urbanization in Asia. Parts II and III comprise of brief, non-technical analyses and statistical tables on the Millennium Development Goals (MDGs) and seven other themes. This year, the second edition of the Framework of Inclusive Growth Indicators, a special supplement to Key Indicators is also included.
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