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Several transition economies have undertaken fiscal decentralization reforms over the past two decades along with … liberalization, privatization, and stabilization reforms. Theory predicts that decentralization may aggravate fiscal imbalances …
Persistent link: https://www.econbiz.de/10009618582
There is a widespread presumption that decentralization improves public service provision. This has led to policy …
Persistent link: https://www.econbiz.de/10005248262
Countries have adopted various institutional responses to subnational government borrowing. Using a sample of 44 countries 1982-2000, this paper provides a panel data analysis to determine the most effective borrowing constraints for containing local fiscal deficits. The results suggest that no...
Persistent link: https://www.econbiz.de/10005264111
This paper analyzes the impact of decentralization on overall fiscal performance in the European Union, taking into … account fiscal institutional arrangements. We find that spending decentralization has been associated with sizably better …
Persistent link: https://www.econbiz.de/10009654158
In many countries the decentralization of spending responsibilities has outpaced the decentralization of revenue powers …
Persistent link: https://www.econbiz.de/10009327869
Intro -- Contents -- I. INTRODUCTION -- II. A BENCHMARK: PRINCIPLES OF DECENTRALIZATION REFORM -- III. UGANDA …'S DECENTRALIZATION PROCESS: THE INSTITUTIONS -- IV. SPECIFIC OUTCOMES IN SERVICE DELIVERY -- V. FINAL REMARKS -- References. …
Persistent link: https://www.econbiz.de/10013042569
Intro -- Contents -- I. INTRODUCTION -- II. BACKGROUND -- III. DECENTRALIZATION AND OVERALL FISCAL CONSTRAINTS -- IV …
Persistent link: https://www.econbiz.de/10012691111
Latin America has experienced a resurgence in growth in recent years. However, it is also a region that has been prone to crises while growth has not delivered a significant reduction in poverty and inequality. Maintaining a strong and stable macroeconomic performance in Latin America will...
Persistent link: https://www.econbiz.de/10005826063
In this paper, we study the impact of labor market restructuring and foreign direct investment on the banking sector, using a dynamic general equilibrium model with a financial sector. Numerical simulations are performed using stylized Chinese data, and banks failures are generated through...
Persistent link: https://www.econbiz.de/10005826477
Based on cross-country data for up to 78 countries, this paper shows that fiscal decentralization-the assignment of … governance, such as corruption, rule of law, and government effectiveness. Unlike previous studies in the decentralization …/governance literature, which focus primarily on expenditure-based measures of decentralization, the results reported in this paper show that …
Persistent link: https://www.econbiz.de/10005769179