Showing 1 - 10 of 2,527
This paper examines a distinctive mechanism of providing incentives to local governments – upgrading counties to "cities". In China, awarding city status to existing counties is the dominant way of creating new urban administrative units, during which the local government gets many benefits....
Persistent link: https://www.econbiz.de/10005835975
decentralization. In addition there is external pressure coming from IMF and WB who implicitly and explicitly have declared … ‘decentralization’ as their most favoured policy prescription especially for the developing world. …
Persistent link: https://www.econbiz.de/10005260119
Though decentralization for past one and half decade or so has become the most favoured policy priority among the … policy makers yet the countries around the world differ dramatically in the degree of decentralization that is accommodated …. While diversity in degree of decentralization across the world is a fact yet there is no consensus in the empirical …
Persistent link: https://www.econbiz.de/10005835415
Decentralization since early 1990s has become one of the buzzwords of the development paradigms. Among all ingredients … of decentralization, the fiscal component of it has a special significance. Not surprisingly the literature unanimously … among different objectives of each level and resolve tensions between them. Thus, the fiscal decentralization is in vogue …
Persistent link: https://www.econbiz.de/10005787180
The objective of this study is to evaluate the effect of public spending on economic growth in DR Congo. This is to highlight the non-linear effects of public expenditure on economic growth in the DRC. In view of the results of the econometric regression, there are non-linearities in the...
Persistent link: https://www.econbiz.de/10011112999
This paper uses time-series data from nineteen Latin American countries and the U.S. to test for income convergence using two existing definitions of convergence and a new testable definition of β-convergence. Only Dominican Republic and Paraguay were found to pair-wise converge according to...
Persistent link: https://www.econbiz.de/10009493290
This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them, are relevant to forecasting economic growth and stock returns, and whether they contain information that is orthogonal to macroeconomic and financial data. I examine 16...
Persistent link: https://www.econbiz.de/10009647399
This paper investigates the empirical relationship between labor productivity, real wages and real GDP in Singapore from 1997 to 2011. The paper begins with a review of productivity, wage and growth situations in Singapore in the past decade and further attempts to uncover the underlying...
Persistent link: https://www.econbiz.de/10009359942
The growth effects of human capital, measured in various ways, are controversial and inconclusive. In this paper we estimate the growth effect of human capital with country specific time series data for Australia. In doing so, we extended the Solow (1956) growth model by using educational...
Persistent link: https://www.econbiz.de/10009368148
Using time-series techniques and panels data, the paper analyses for the EU countries in the period 1970-2009 the existence and shape of the “BARS curve” (Barro, Armey, Rahn, and Scully), connecting the size of Government (measured by the share of public expenditure on GDP) to the rate of...
Persistent link: https://www.econbiz.de/10008694221