This article re-examines the relationship between fiscal decentralisation and economic growth by employing Bayesian model averaging (BMA). BMA enables the consideration of a range of measures of fiscal decentralisation and allows the incorporation of model uncertainty into the empirical...

This paper analyses the impact of fiscal decentralisation on the Australian economy at both the aggregate and state levels. Attention is given not only to economic growth but also to a number of important macroeconomic variables which may influence growth. The results suggest that there is no...