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Fiscal Decentralization and Public Subnational Financial Management in Peru.
Garcia-Escribano, Mercedes - 2006
Intro -- Contents -- I. INTRODUCTION -- II. BACKGROUND -- III. DECENTRALIZATION AND OVERALL FISCAL CONSTRAINTS -- IV …
Persistent link: https://www.econbiz.de/10012691111
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Local governments’ fiscal balance, privatization, and banking sector reform in transition countries
Crivelli, Ernesto - 2012
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
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Fiscal Decentralization Improves Social Outcomes When Countries Have Good Governance
Nakatani, Ryota - 2022
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/10015060378
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How Should Subnational Government Borrowing Be Regulated? Some Cross-Country Empirical Evidence
Plekhanov, Alexander; Singh, Raju Jan - International Monetary Fund (IMF) - 2005
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
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Fiscal Performance, Institutional Design and Decentralization in European Union Countries
Eyraud, Luc; Tuladhar, Anita; Escolano, Julio; Badia, … - International Monetary Fund (IMF) - 2012
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
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Decentralizing Spending More Than Revenue; Does it Hurt Fiscal Performance?
Eyraud, Luc; Lusinyan, Lusine - International Monetary Fund (IMF) - 2011
In many countries the decentralization of spending responsibilities has outpaced the decentralization of revenue powers …
Persistent link: https://www.econbiz.de/10009327869
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The Role of Fiscal Transparency in Sustaining Stability and Growth in Latin America
Parry, Taryn - International Monetary Fund (IMF) - 2007
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
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Intergovernmental Relations and Fiscal Discipline; Between Common Tax Resources and Soft Budget Constraints
Pisauro, Guiseppe - International Monetary Fund (IMF) - 2001
Fiscal decentralization is likely to entail a bias in the budget process toward higher public expenses and deficits …
Persistent link: https://www.econbiz.de/10005599749
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Narrowing Vertical Fiscal Imbalances in Four European Countries
Karpowicz, Izabela - International Monetary Fund (IMF) - 2012
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/10010790291
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Fiscal Incentive Effects of the German Equalization System
Stehn, Sven Jari - 2009
Does reliance on transfers weaken fiscal discipline and encourage pro-cyclical fiscal policies in recipient subnational governments? Using fiscal reaction functions for a panel of the German Länder, this paper finds a positive answer to both questions. Net-recipient states (Länder, benefiting...
Persistent link: https://www.econbiz.de/10012677792