Showing 1 - 10 of 1,482
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/10014401240
empirical evidence about actual country practices. This paper presents data on fiscal decentralization for about 80 countries … for transition economies, the levels of decentralization are relatively stable over the time period. The findings are … factors identified in the literature as determining the extent of fiscal decentralization …
Persistent link: https://www.econbiz.de/10014399352
Persistent link: https://www.econbiz.de/10009572314
decentralization systems by examining the sequencing and economic principles underlying revenue and expenditure assignments, the use of …
Persistent link: https://www.econbiz.de/10011978597
ambitious decentralization program implemented by the authorities since the late 1990s has had mixed results in terms of …
Persistent link: https://www.econbiz.de/10014400265
This paper examines a typology of grants that are used across the world, and places these in the context of the overall constitutional and legal framework for a country. It looks at the options for grants, given the need to maintain overall macroeconomic stability, efficiency in the use of...
Persistent link: https://www.econbiz.de/10014400732
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/10014396839
Fiscal policy is a key tool for achieving distributional objectives in advanced economies. This paper embeds the discussion of fiscal redistribution within the standard social welfare framework, which lends itself to a transparent and practical evaluation of the extent and determinants of fiscal...
Persistent link: https://www.econbiz.de/10012009467
The literature on fiscal federalism has amply discussed both the potential efficiency and welfare gains from … 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 …
Persistent link: https://www.econbiz.de/10014401198
We assess the extent to which fiscal transfers smooth regional shocks in three large federations: the U.S., Canada, and Australia. We find that fiscal transfers offset 4-11 percent of idiosyncratic shocks (risk-sharing) and 13-24 percent of permanent shocks (redistribution). This fiscal...
Persistent link: https://www.econbiz.de/10011711804