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In many countries the decentralization of spending responsibilities has outpaced the decentralization of revenue powers. Sub-national governments have then to rely on transfers from the center and borrowing to finance their spending. When this occurs, we find that the overall fiscal deficit...
Persistent link: https://www.econbiz.de/10009327869
On 10 March 2020, the Bolivian government identified two COVID-19 cases in Bolivians returning from Italy. The national government responded swiftly and sent the country into one of the world's strictest lockdowns on 22 March 2020. However, low state capacity and low government legitimacy...
Persistent link: https://www.econbiz.de/10013203108
While it is recognized that effective state institutions are pivotal for economic development, it is not well understood what their origins are and what explains their cross-country differences. We focus on budget institutions in developing economies, as efficient public finance planning in such...
Persistent link: https://www.econbiz.de/10011943820
On 10 March 2020, the Bolivian government identified two COVID-19 cases in Bolivians returning from Italy. The national government responded swiftly and sent the country into one of the world's strictest lockdowns on 22 March 2020. However, low state capacity and low government legitimacy...
Persistent link: https://www.econbiz.de/10013364562
Persistent link: https://www.econbiz.de/10011743210
A growing economics literature argues that taxation can strengthen the quality of governance and public sector … countries, we find that taxation improves the quality of governance and that those taxes that are borne most directly by … citizens are the most important in improving governance. Our results are robust to different estimation methodologies, to …
Persistent link: https://www.econbiz.de/10010711122
While it is recognized that effective state institutions are pivotal for economic development, it is not well understood what their origins are and what explains their cross-country differences. We focus on budget institutions in developing economies, as efficient public finance planning in such...
Persistent link: https://www.econbiz.de/10011789041
This paper analyzes the impact of decentralization on overall fiscal performance in the European Union, taking into account fiscal institutional arrangements. We find that spending decentralization has been associated with sizably better fiscal performance, especially when transfer dependency of...
Persistent link: https://www.econbiz.de/10009654158
Romania's participation in the implementation of EU regional policy means, first opportunity to benefit from a system of values that can be found between economic efficiency, environmental protection, ensuring minimum standards of existence, the definition of a "European lifestyle, urban values,...
Persistent link: https://www.econbiz.de/10010604070