Showing 1 - 10 of 20
The impact of school resources on the quality of education in developing countries may depend crucially on whether resources are targeted efficiently. In this paper we use a randomized experiment to analyze the impact of a school grants program in Senegal, which decentralized a portion of the...
Persistent link: https://www.econbiz.de/10011249370
Dealers in over-the-counter securities form networks to mitigate search frictions. The audit trail for municipal bonds shows the dealer network has a core-periphery structure. Central dealers are more efficient at matching buyers and sellers than peripheral dealers, which shortens intermediation...
Persistent link: https://www.econbiz.de/10011084269
This paper integrates the distributive politics literature with the literature on decentralization by incorporating …. The efficiency of decentralization and the performance of 'constitutional rules' (such as majority voting) which may be … used to choose between decentralization and centralization are then discussed in this framework. Stronger externalities and …
Persistent link: https://www.econbiz.de/10005789145
Does fiscal decentralization result in more efficient governance and higher economic growth? This Paper empirically … tests the hypothesis posed by theoretical literature that the effect of economic decentralization depends on features of the … political institutions. Using data from 95 countries for the last 25 years, we show that the effect of decentralization on …
Persistent link: https://www.econbiz.de/10005791475
of centralization stressed in the existing literature disappear, suggesting that the case for decentralization must be … driven by political economy considerations. Our political economy analysis assumes that under decentralization public goods …
Persistent link: https://www.econbiz.de/10005791736
This paper establishes a causal effect of product market competition on various characteristics of organizational design. Using a unique panel dataset on firm hierarchies of large U.S. firms (1986-1999) and a quasi-natural experiment (trade liberalization), we find that increasing competition...
Persistent link: https://www.econbiz.de/10005792092
This paper approaches the question of the appropriate level of decentralization of power in government as a problem in … has nothing to say about the decentralization of power as such. The model of this paper compares allocations of power to …
Persistent link: https://www.econbiz.de/10005792514
resist reforms, policies, rules and laws. China’s reform trajectories have been shaped by regional decentralization …
Persistent link: https://www.econbiz.de/10008468688
We study the dynamic support for fiscal decentralization in a political agency model from the perspective of a region … private sector and the support for decentralization. Since political support to centralization evolves over time, driven …
Persistent link: https://www.econbiz.de/10008468714
Advocates of fiscal decentralization argue that amongst other benefits, it can increase the efficiency of delivery of … education expenditure decentralization and the productive efficiency of schools using a data-set of Swiss cantons. We first … provide careful evidence that expenditure decentralization is a powerful proxy for legal local autonomy. Further panel …
Persistent link: https://www.econbiz.de/10005123882