... Fiscal Centralization and Decentralization in Russia and China Elliott Parker University of Nevada, Reno and Judith Thornton University of Washington December 31, 2006 Abstract: In this ... growth and stability Yet, while fiscal decentralization fostered rapid growth in China, in Russia, de facto fiscal decentralization had dire consequences Russia s decentralization was an unintended ... by a recentralization of tax revenues to the center, beginning in 1995 in China and in 1999 in Russia In China, the tax reform of 1994 established clear tax sharing rules, assigning a growing share...