Showing 1 - 10 of 609
. Given this general framework, the convenience of decentralization versus centralization mainly depends on the interaction … regions. To summarize, from a positive viewpoint, decentralization should not be necessarily pursued only in the absence of …
Persistent link: https://www.econbiz.de/10013130419
This paper studies the efficiency of decentralized leadership in federations where selfish regional governments provide regional and federal public goods and the benevolent central government implements interregional earmarked and income transfers. Without residential mobility, unlimited...
Persistent link: https://www.econbiz.de/10012981293
. Given this general framework, the convenience of decentralization versus centralization mainly depends on the interaction … regions. To summarize, from a positive viewpoint, decentralization should not be necessarily pursued only in the absence of …
Persistent link: https://www.econbiz.de/10008833915
This paper attempts to identify the effect of fiscal decentralization on public sector efficiency (PSE). We employ data … alternative fiscal decentralization measures. Backed by strong empirical results, obtained from a number of different … specifications, we contend that PSE is increasing with fiscal decentralization …
Persistent link: https://www.econbiz.de/10012770638
This paper points to the important role which the elasticity of aggregate capital supply with respect to the net rate of return to capital plays for the efficiency of policymaking in a decentralized economy with mobile capital and spillovers among jurisdictions. In accordance with previous...
Persistent link: https://www.econbiz.de/10013136697
Fiscal decentralization is high on the agenda in policy fora. This paper empirically investigates the underlying causes … of fiscal decentralization, based on the predictions of a simple political economy model. We argue that the likeliness … support the relevance of political factors as determinants of fiscal decentralization. The relationship between central …
Persistent link: https://www.econbiz.de/10013120275
This paper analyzes the impact of political and fiscal decentralization on regional inequalities using a unique data … that decentralization decreases regional inequalities in general. However, estimations using an interaction variable … approach imply that the effect depends on the level of economic development. While rich countries benefit from decentralization …
Persistent link: https://www.econbiz.de/10013120656
explaining variation in the degree of decentralization across countries. Within a two-sided incomplete information principal …-agent framework, it analyzes two alternative policy-decision schemes — ‘decentralization' and ‘centralization' — when ‘knowledge … government levels. It is shown that, depending on which level of policy decision-making controls the degree of decentralization …
Persistent link: https://www.econbiz.de/10013075612
This paper adds to the literature by utilizing improved data on tax revenue decentralization to re-examine the … relationship between fiscal decentralization and the size of government. An econometric analysis using panel data from 18 OECD … countries shows that fiscal decentralization matters for both the size and composition of government spending. Tax revenue …
Persistent link: https://www.econbiz.de/10012783397
This paper empirically investigates the underlying determinants of expenditure decentralization, based on the … predictions of a new political economy model of partial decentralization. The analysis is based on an agency model, in which two … decentralization is endogenous and depends on the relative political conditions prevailing at each level of government. Consistent with …
Persistent link: https://www.econbiz.de/10013053063