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consistently significant liberalization policies across the baseline estimations and various sensitivity tests. The paper is …
Persistent link: https://www.econbiz.de/10011753998
. However, several studies have neglected the role of institutions and other institutional settings in fiscal decentralization …. This study augments the literature by revisiting the fiscal decentralization-growth nexus regarding institutional quality …
Persistent link: https://www.econbiz.de/10013164601
We develop a model with optimal shares of intergovernmental transfers, and we apply a simulation analysis of our model for the case of Mexico. The main outcomes of this paper are as follows: First, we provide optimal shares of intergovernmental funds to be allocated in each state considering the...
Persistent link: https://www.econbiz.de/10012485109
behind the varying perceptions about Europe. Two dimensions of decentralization-political and fiscal-are considered in the …
Persistent link: https://www.econbiz.de/10012238467
This paper analyzes the impact of fiscal decentralization on accountability, economic freedom, and political and civil … liberties in the Americas. The findings indicate that decentralization initially hampers but eventually enhances accountability … a more inclusive, participatory government. The impact of fiscal decentralization on economic freedom, however, runs …
Persistent link: https://www.econbiz.de/10011849692
This paper aims to examine whether the status of fiscal decentralization generates efficiency in local spending … point of vertical fiscal imbalance but also the fiscal implication of spending decentralization and local government … empirical results show that fiscal decentralization determines more responsible and efficient local spending, enhancing local …
Persistent link: https://www.econbiz.de/10013500671
This study explored the linkage between financial development, human resources, and economic growth in a group of twenty-five transition countries during the period 1995-2019. The author applied a range of estimations such as Ordinary Least Squares (OLS), fixed effects model, and two-step GMM...
Persistent link: https://www.econbiz.de/10013256070
Shaped by the current turbulent era of macroeconomic forces, inclusive of the technological challenges of Industry 4.0, and ubiquitous uncertainties, the business environment and its stakeholders hold high expectations for sustainable organizational practices, including harmonized and...
Persistent link: https://www.econbiz.de/10012547973
This paper offers an empirical examination of the relationship between government spending’s, income inequality, and economic growth by using the case of 19 Asian countries from 2002 to 2017. For this purpose, the paper uses robust difference-GMM estimation and panel granger causality test. We...
Persistent link: https://www.econbiz.de/10012132204
The idea that high levels of economic inequality negatively affect the rate and sustainability of economic growth is quite popular in the scientific literature. Therefore, it is usually proposed to take some regulative measures to reduce economic inequality in order to boost economic growth....
Persistent link: https://www.econbiz.de/10013164223