Shamsub, Hannarong; Mehanna, Rock-Antoine - In: Global Business and Economics Review 7 (2005) 2/3, pp. 262-277
This empirical study investigates the relationship between local fiscal decentralisation and economic development among all US states from 1977 through 1997 by employing a vector autoregression (VAR) model. While past literature focused on a one way relationship between fiscal decentralisation...