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This paper revisits the relationship between fiscal decentralization and economic growth by addressing the endogeneity … argue are strong and consistent instruments for fiscal decentralization. Empirically, we find that indeed both instruments … expenditure or revenue shares - the conventional measures of decentralization - will increase GDP per capita growth by …
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The authors attempt to analyze the linkages between macroeconomic policies and economic growth variables, their movement over time, and their impact on poverty in the case of Poland. Poland, a middle-income country, is of particular interest because its data sources allow for a relatively...
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This paper analyzes five Productive Development Policies (PDPs) implemented in Costa Rica, finding that they are not optimally addressing market failures. Moreover, government failures rather than market failures represent the main justification for PDPs. Even in the presence of market failures,...
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By studying the interaction between social capital and decentralization, we show that political decentralization can be … capital display their effect on the economy mainly through the functioning of local institutions, decentralization enhances …
Persistent link: https://www.econbiz.de/10009757366