The authors investigate the issue of per capita real GDP growth of the Chinese economy. The shrinkage method for panel data models is used to estimate the convergence rates of the individual provinces. The empirical evidence shows the growth convergence that exists in China. The results also...

Income tax is one of the most important fiscal tools and Mirrlees suggested taxing people according to their ability. This paper proves that the Mirrlees suggestions are inoperative, subjective or contradictory