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Growth in sub-Saharan Africa has weakened after more than a decade of solid growth, although this overall outlook masks considerable variation across the region. Some countries have been negatively affected by falling prices of their main commodity exports. Oil-exporting countries, including...
Persistent link: https://www.econbiz.de/10014412391
The five Regional Economic Outlooks published biannually by the IMF cover Asia and Pacific, Europe, the Middle East and Central Asia, Sub-Saharan Africa, and the Western Hemisphere. In each volume, recent economic developments and prospects for the region are discussed as a whole, as well as for...
Persistent link: https://www.econbiz.de/10014409454
Fiscal decentralization has been, and remains high on the policy agenda of many countries. It is mainly driven by … disparities in incomes or resource endowments. More generally, decentralization pressures frequently reflect a desire for more … motivation, fiscal decentralization can have important macroeconomic implications. Therefore, Fund advice to member countries …
Persistent link: https://www.econbiz.de/10014410401
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/10014401240
empirical evidence about actual country practices. This paper presents data on fiscal decentralization for about 80 countries … for transition economies, the levels of decentralization are relatively stable over the time period. The findings are … factors identified in the literature as determining the extent of fiscal decentralization …
Persistent link: https://www.econbiz.de/10014399352
-country evidence, based on a sample of developing and developed countries, that fiscal decentralization—the assignment of expenditure …
Persistent link: https://www.econbiz.de/10014399798
In preparing for the discussions of the Iraqi Constituent Assembly, IMF and World Bank staff and consultant experts presented to senior officials from the central and local governments in Iraq, including from Kurdistan, key options that might be relevant for the discussions. This paper reflects...
Persistent link: https://www.econbiz.de/10014400957
This paper examines the relationship between fiscal decentralization—the assignment of revenue sources and expenditure … Moldovan subnational governments in 1998—suggest that fiscal decentralization is associated with larger subnational governments …. This reform package is crucial to ensure that decentralization does not increase the size of government …
Persistent link: https://www.econbiz.de/10014401041
maintained fiscal control despite a high degree of fiscal devolution. And decentralization is associated with better fiscal …
Persistent link: https://www.econbiz.de/10014399656
Persistent link: https://www.econbiz.de/10000801821