Showing 1 - 10 of 488
No consensus has yet emerged on whether fiscal decentralization facilitates or impedes the growth of the public sector …. One explanation for this ambiguity in the literature is that the effect of fiscal decentralization on public sector size … between fiscal decentralization and the ideology of the government may influence the size of the public sector. Thereafter …
Persistent link: https://www.econbiz.de/10009004206
The paradigm of NPM, like its forerunners, has been trying to answer the same question for almost twenty years: how to implement policies, strategies, programs and projects, using the market-type mechanisms, so that the institutions of the state could achieve the desired results. The praises and...
Persistent link: https://www.econbiz.de/10005789846
This paper studies intergovernmental transfers. Many intergovernmental transfers are said to serve political purposes. We augment a standard model of political career concerns to allow for multilevel governance. When elections are simultaneous, there is no equilibrium with non-zero transfers as...
Persistent link: https://www.econbiz.de/10008756496
The paper discusses moral hazard problems as a potential reason for the observed strong increase of indebtedness of German states (Länder). Indeed, financial markets do not react much to the strong differences in fiscal fundamentals of German Länder. Using a case study, the paper also shows...
Persistent link: https://www.econbiz.de/10005835982
This paper, which draws on the author's book "The Economic Consequences of Quebec Sovereignty," examines the thorny issue of how the existing Canadian federal debt might be redistributed in the event that Quebec were to become a sovereign nation. Debt division would be at best a "zero sum" game...
Persistent link: https://www.econbiz.de/10008557260
We analyze the effects of political business cycles and fiscal autonomy on the expenditure categories of Polish municipalities. Using System GMM technique, we find convincing evidence for strong political business cycles in almost all expenditure categories, and in particular for the categories...
Persistent link: https://www.econbiz.de/10011276373
The paper confronts different aspects of decentralization: fiscal decentralization, post-constitutional regulatory … decentralization, and constitutional decentralization – using a single dataset from Russian Federation of the Yeltsin period as a … politically asymmetric country. It finds virtually no correlation between different decentralization aspects; moreover, three …
Persistent link: https://www.econbiz.de/10005020501
decentralization. In addition there is external pressure coming from IMF and WB who implicitly and explicitly have declared … ‘decentralization’ as their most favoured policy prescription especially for the developing world. …
Persistent link: https://www.econbiz.de/10005260119
The paper compares the development of two institutional systems organizing the intergovernmental relations in the former Soviet Union: Russian federalism and post-Soviet regional integration. In spite of common origins, random selections of actors and common development trends in the first...
Persistent link: https://www.econbiz.de/10005260235
Decentralization since early 1990s has become one of the buzzwords of the development paradigms. Among all ingredients … of decentralization, the fiscal component of it has a special significance. Not surprisingly the literature unanimously … among different objectives of each level and resolve tensions between them. Thus, the fiscal decentralization is in vogue …
Persistent link: https://www.econbiz.de/10005787180