Showing 11 - 20 of 2,195
Austria’s federal system comprises the federal government and nine provinces (Länder). The federal system is rather centralized by international standards, with the federal government (including social security funds) accounting for about 70 percent of general government spending, the...
Persistent link: https://www.econbiz.de/10011244961
The question of what makes fiscal decentralization work is faced by many policymakers around the world. This book draws …, and discusses the key factors that help make decentralization sustainable, efficient, and equitable from a macroeconomic …
Persistent link: https://www.econbiz.de/10011245906
This report focuses on IMF Technical Assistance Evaluation—Public Expenditure Management (PEM) Reform in Selected African Countries. Most of the countries examined were colonies of the United Kingdom, inheriting similar and relatively simple budget systems based on an interpretation of...
Persistent link: https://www.econbiz.de/10005248096
There is a widespread presumption that decentralization improves public service provision. This has led to policy …
Persistent link: https://www.econbiz.de/10005248262
Countries have adopted various institutional responses to subnational government borrowing. Using a sample of 44 countries 1982-2000, this paper provides a panel data analysis to determine the most effective borrowing constraints for containing local fiscal deficits. The results suggest that no...
Persistent link: https://www.econbiz.de/10005264111
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 …
Persistent link: https://www.econbiz.de/10009654158
In many countries the decentralization of spending responsibilities has outpaced the decentralization of revenue powers …
Persistent link: https://www.econbiz.de/10009327869
This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that...
Persistent link: https://www.econbiz.de/10005824823
Argentina has committed itself to a reform of its revenue-sharing system. This paper examines this system and the issues involved in its redesign, and discusses the pros and cons of various options with a view to specifying a preferred approach.
Persistent link: https://www.econbiz.de/10005826288
Based on cross-country data for up to 78 countries, this paper shows that fiscal decentralization-the assignment of … governance, such as corruption, rule of law, and government effectiveness. Unlike previous studies in the decentralization …/governance literature, which focus primarily on expenditure-based measures of decentralization, the results reported in this paper show that …
Persistent link: https://www.econbiz.de/10005769179