Lü Wei a and Wang Weitong b

a and b Institute of Economic and Social Development, Dongbei University of mobile bet365 & Economics

　　Abstract

　China’s achievement of miraculous economic growth is a theoretical proposition that calls for an explanation. The key to understanding the logic of China’s economic reform is a rational explanation of the logical paradox between irregular mobile bet365 finance and the incentive compatibility of central and mobile bet365 governments. Based on the fact that autonomous mobile bet365 financial resources have long been dependent on irregular fiscal revenue, this paper constructs an inclusive public financial system analysis framework from the dual perspectives of the central and mobile bet365 government. This analytical framework offers an explanation of the long-standing implicit fiscal decentralization contract in which irregular fiscal revenue is the carrier in the reform process, together with a description of the central-mobile bet365 interaction process and institutional space underlying the behavioral motivations of central finance tolerance and mobile bet365 financial autonomy. It demonstrates the logical consistency of irregular fiscal revenue, central and mobile bet365 incentive compatibility, economic growth and market-oriented reform. The inclusive public finance system, which takes into account both mobile bet365 dynamism and central control, provides the important institutional logic that has enabled China to reach the dual goals of economic growth and market-oriented reform.

　　Keywords: inclusive public finance system, incentive compatibility, relationship between central and mobile bet365 governments, fiscal decentralization, irregular revenue