Fiscal federalism and long-run macroeconomic performance: a survey of recent research
In this paper we offer both a broad survey of the literature on fiscal federalism and long-run economic performance, and a detailed report of some of our own recent studies in this field. We look at the difference between study types (cross-country versus single-country studies), and at the relevance of the broader institutional framework into which fiscal decentralization is embedded. We also look into structural change and intergovernmental transfers as a detailed mechanism through which federalism may have an impact on aggregate economic performance. It turns out that fiscal decentralization has no robust effect on growth, but the evidence hints at a positive effect on overall productivity, conditional on the broader institutional framework.
Year of publication: |
2011
|
---|---|
Authors: | Feld, Lars P ; Schnellenbach, Jan |
Published in: |
Environment and Planning C: Government and Policy. - Pion Ltd, London, ISSN 1472-3425. - Vol. 29.2011, 2, p. 224-243
|
Publisher: |
Pion Ltd, London |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Feld, Lars P, (2000)
-
Wettbewerbsordnung und Monopolbekämpfung
Feld, Lars P,
-
The political economy of direct legislation: direct democracy and local decision-making
Feld, Lars P, (2001)
- More ...