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Bahl, Roy; Martinez-Vazquez, Jorge - 2012

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

A Dynamic Model of Fiscal Decentralization and Public Debt Accumulation

Guo, Si; Pei, Yun; Xie, Leiyu - 2022

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

Endogenous Decentralization in Federal Environmental Policies

Chang, Howard - 2007

between the federal and state governments in such a scheme of partial decentralization. Our model suggests that the …

Persistent link: https://www.econbiz.de/10012465415

Expenditure Competition

Gordon, Roger H. - 2001

response. In this paper, we explore the effect that competition for residents induced by fiscal decentralization has on 'waste … an additional advantage of fiscal decentralization …

Persistent link: https://www.econbiz.de/10012470537

Confidence, Crashes and Animal Spirits

Farmer, Roger E.A. - 2009

This paper presents a model of the macroeconomy that reformulates what I take to be two important ideas from Keynes General Theory. The first is that there may be a continuum of steady state unemployment rates. The second is that beliefs select an equilibrium. I argue that search and matching...

Persistent link: https://www.econbiz.de/10012463802

Politics and Economics in Weak and Strong States

Acemoglu, Daron - 2005

While much research in political economy points out the benefits of "limited government," political scientists have long emphasized the problems created in many less developed nations by "weak states," which lack the power to tax and regulate the economy and to withstand the political and social...

Persistent link: https://www.econbiz.de/10012467409

Experimentation in Federal Systems

Callander, Steven - 2013

We present a model where heterogeneous districts choose both whether to experiment and the policies to experiment with. Since districts learn from each other, the first-best requires that policy experiments converge so that innovations are useful also for neighbors. However, the equilibrium...

Persistent link: https://www.econbiz.de/10012459061

Inequality, Growth, and Investment

Barro, Robert J. - 1999

Evidence from a broad panel of countries shows little overall relation between income inequality and rates of growth and investment. However, for growth, higher inequality tends to retard growth in poor countries and encourage growth in richer places. The Kuznets curve-whereby inequality first...

Persistent link: https://www.econbiz.de/10012471762

The Effects of Infrastructure Development on Growth and Income Distribution

Calder??n, C??sar; Serv??n, Luis - 2013

The authors provide an empirical evaluation of the impact of infrastructure development on economic growth and income distribution using a large panel data set encompassing over 100 countries and spanning the years 1960-2000. The empirical strategy involves the estimation of simple equations for...

Persistent link: https://www.econbiz.de/10012559826

Height and Per Capita Income

Steckel, Richard H. - 1982

As an aid to interpreting the results of height-by-age studies this paper investigates the relationship between average height and per capita income. The relationships among income, nutrition, medical care, and height at the individual level suggest that average height is nonlinearly related to...

Persistent link: https://www.econbiz.de/10012478231

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