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change in policy allows estimation of the impact of altered federalism. By looking at how states reacted to their enhanced … with significantly lower student achievement growth. As a result, this readjustment of federalism to decision making by … lower levels appeared to lower national achievement. The snapshot of federalism impacts here is a lower bound on the effects …
Persistent link: https://www.econbiz.de/10014528390
Persistent link: https://www.econbiz.de/10012265081
shift to universal health insurance, and the ambitious administrative decentralization project could cause upward pressure …
Persistent link: https://www.econbiz.de/10005045722
Over the past decade, public expenditure in Slovakia was characterised by substantial social transfers and high public sector wage expenses. This paper analyses the main features of Slovakia’s public expenditure system, reviews expenditure trends, and discusses recent reform initiatives. The...
Persistent link: https://www.econbiz.de/10005045749
Although Korea has the second-lowest level of public spending among OECD countries at 22½ per cent of GDP, it faces strong upward spending pressures over the medium and longer term, which could threaten fiscal sustainability. This paper analyses the main features of Korea’s public expenditure...
Persistent link: https://www.econbiz.de/10005046004
, thereby, enable a more precise characterization of local government behavior in fiscal federalism. …
Persistent link: https://www.econbiz.de/10010574357
enterprises. Fiscal decentralization combined with monetary centralization (i.e. fiscal federalism) may achieve not only hard … village levels. We study the effect of regional decentralization on soft budget constraints in these enterprises. We show that …. Decentralization of monetary authority leads to a softening of local governments' budget constraints, however, as well as those of …
Persistent link: https://www.econbiz.de/10005124311
Growth and jobs are top concerns for policy makers confronting difficult economic conditions in many OECD countries. Sub-national governments are important contributors to national growth, but in many cases their economies are struggling as well. Faced with tight fiscal conditions, all levels of...
Persistent link: https://www.econbiz.de/10009767314
The ability of sub national governments to “better spend”, by identifying relevant paths for territorial competitiveness and effective delivery of public services, is largely enshrined in their institutional background. Rather than isolated actors, sub national authorities and central...
Persistent link: https://www.econbiz.de/10012444296
Revamping fiscal relations across levels of government is of paramount importance in supporting fiscal consolidation and public sector effectiveness. This paper analyses a number of problems, including regulations that limit local governments’ ability to innovate and respond to local...
Persistent link: https://www.econbiz.de/10012445330