Showing 1 - 10 of 53
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
The paper provides an empirical analysis of the determinants of fiscal decentralization within Russian regions in 1994 … of the determinants of decentralization that points to the link between decentralization and the structure of regional … government revenue: access to windfall revenues leads to a more centralized governance structure. The degree of decentralization …
Persistent link: https://www.econbiz.de/10012554167
decentralization is associated with improved fiscal performance and better functioning of internal common markets. Fiscal policy … discipline. Fiscal decentralization poses significant challenges for macroeconomic management. These challenges require careful …
Persistent link: https://www.econbiz.de/10012554241
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
important to achieve in development objectives is changing as fiscal decentralization reforms are being pursued by many … countries around the world. In this context, a number of studies have attempted to quantify the impact of decentralization by … decentralization is surprisingly difficult to measure. Nearly all cases examining the relationship between decentralization and …
Persistent link: https://www.econbiz.de/10012559570
This paper examines the importance of fiscal autonomy in the analysis of decentralization. Using new data published by … the OECD (2001 and 2002), it reproduces several indicators and proposes new measures of decentralization that take into … decentralization and economic growth, and Oates (1985), on decentralization and public sector size. Some evidence suggests that fiscal …
Persistent link: https://www.econbiz.de/10012559655
government control and decentralized governance. Political decentralization has advanced in most countries. Subnational …
Persistent link: https://www.econbiz.de/10012559722
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
surprisingly powerful model for Eastern European countries that are currently facing the challenge of fiscal decentralization. In …
Persistent link: https://www.econbiz.de/10012554107
This paper explores the building blocks of an institutional framework to govern borrowing by subnational entities to finance infrastructure investment. The framework should help in achieving sustainable financing of development needs and sound management of fiscal risks. Based on international...
Persistent link: https://www.econbiz.de/10012554501