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on fiscal decentralization suggesting that redistribution is most effectively carried out at sub-central levels of … that the decentralization of government expenditure can help achieve a more equal distribution of income. However, several … conditions need to be fulfilled: i) the government sector needs to be sufficiently large, ii) decentralization should be …
Persistent link: https://www.econbiz.de/10013053956
decentralization and the potential trade-offs between decentralization and income redistribution. By contrast, it has generally put … less emphasis on the effects of decentralization on macroeconomic management, although policymakers worldwide increasingly … have to grapple with these effects. This paper examines the constraints that a high degree of decentralization can place on …
Persistent link: https://www.econbiz.de/10014401198
Persistent link: https://www.econbiz.de/10012392481
Is there a one-size-fits-all approach to inclusive growth? We look at four key case studies across advanced and emerging markets-the Nordics, India, Brazil, and Egypt-to try to answer this question. We highlight qualitatively in these countries the key components of inclusive growth models,...
Persistent link: https://www.econbiz.de/10012605019
The authors attempt to analyze the linkages between macroeconomic policies and economic growth variables, their movement over time, and their impact on poverty in the case of Poland. Poland, a middle-income country, is of particular interest because its data sources allow for a relatively...
Persistent link: https://www.econbiz.de/10012559898
decentralization systems by examining the sequencing and economic principles underlying revenue and expenditure assignments, the use of …
Persistent link: https://www.econbiz.de/10011978597
Persistent link: https://www.econbiz.de/10009572314
liberalization, privatization, and stabilization reforms. Theory predicts that decentralization may aggravate fiscal imbalances …Several transition economies have undertaken fiscal decentralization reforms over the past two decades along with …
Persistent link: https://www.econbiz.de/10009618582
This paper describes the institutional changes that have induced a decline in the vertical fiscal imbalance (VFI) - defined as the share of sub-national own spending not financed through own revenues - in four European countries: Belgium, Italy, Norway, and Spain. The decline in VFI was achieved...
Persistent link: https://www.econbiz.de/10013107075
decentralization is not the root cause of this situation. Panel estimation techniques find evidence that the trend rise in deficits …
Persistent link: https://www.econbiz.de/10012783224