In the past three decades, emerging countries have gone through extensive decentralization reforms. Yet, there are no … studies assessing quantitatively the relative importance of various factors known to affect the success of decentralization …. This paper builds on a comprehensive dataset the authors constructed for Peru, which merges municipal fiscal accounts with …

This paper aims to examine whether the status of fiscal decentralization generates efficiency in local spending … point of vertical fiscal imbalance but also the fiscal implication of spending decentralization and local government … empirical results show that fiscal decentralization determines more responsible and efficient local spending, enhancing local …