Showing 21 - 30 of 1,638
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
quantitatively how fiscal decentralization affects local and central government debt accumulation and spending. In the model, the … local and central debts are inefficiently high. Consistent with empirical evidence, when fiscal decentralization widens …
Persistent link: https://www.econbiz.de/10013255222
Does fiscal decentralization improve health and educational outcomes? Does this improvement depend on the quality of … governance? How do fiscal decentralization and governance interact? We answer these questions through an instrumental variable … Tobit analysis of cross-country panel data. We find negative effects of fiscal decentralization on health outcomes, which …
Persistent link: https://www.econbiz.de/10014082215
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
While there is extensive knowledge about how to design fiscal decentralization policies, considerably less is … understood about how a decentralization program should be sequenced and implemented. Countries embarking on decentralization … often struggle with decisions about the essential components of decentralization, including the order of an introduction of …
Persistent link: https://www.econbiz.de/10012553737
The paper provides an empirical analysis of the determinants of fiscal decentralization within Russian regions in 1994 … of the determinants of decentralization that points to the link between decentralization and the structure of regional … government revenue: access to windfall revenues leads to a more centralized governance structure. The degree of decentralization …
Persistent link: https://www.econbiz.de/10012554167
decentralization is associated with improved fiscal performance and better functioning of internal common markets. Fiscal policy … discipline. Fiscal decentralization poses significant challenges for macroeconomic management. These challenges require careful …
Persistent link: https://www.econbiz.de/10012554241
important to achieve in development objectives is changing as fiscal decentralization reforms are being pursued by many … countries around the world. In this context, a number of studies have attempted to quantify the impact of decentralization by … decentralization is surprisingly difficult to measure. Nearly all cases examining the relationship between decentralization and …
Persistent link: https://www.econbiz.de/10012559570
This paper examines the importance of fiscal autonomy in the analysis of decentralization. Using new data published by … the OECD (2001 and 2002), it reproduces several indicators and proposes new measures of decentralization that take into … decentralization and economic growth, and Oates (1985), on decentralization and public sector size. Some evidence suggests that fiscal …
Persistent link: https://www.econbiz.de/10012559655
government control and decentralized governance. Political decentralization has advanced in most countries. Subnational …
Persistent link: https://www.econbiz.de/10012559722