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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

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

Financing Infrastructure and Monitoring Fiscal Risks at the Subnational Level

Liu, Lili; Pradelli, Juan - 2012

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

Finance and inequality : Theory and evidence

Demirg????-Kunt, Asli; Levine, Ross - 2012

This paper critically reviews the literature on finance and inequality, highlighting substantive gaps in the literature. Finance plays a crucial role in most theories of persistent inequality. Unsurprisingly, therefore, economic theory provides a rich set of predictions concerning both the...

Persistent link: https://www.econbiz.de/10012551893

Where in the World are you? Assessing the Importance of Circumstance and Effort in a World of Different Mean Country Incomes and (Almost) No Migration

Milanovic, Branko - 2012

Suppose that all people in the world are allocated only two characteristics: country where they live and income class within that country. Assume further that there is no migration. This paper shows that 90 percent of variability in people's global income position (percentile in world income...

Persistent link: https://www.econbiz.de/10012552280

Global Income Inequality : What It Is and Why it Matters

Milanovic, Branko - 2012

The paper presents a nontechnical summary of the current state of debate on the measurement and implications of global inequality (inequality between citizens of the world). It discusses the relationship between globalization and global inequality. And it shows why global inequality matters and...

Persistent link: https://www.econbiz.de/10012553691

Equity, Welfare, and the Setting of Trade Policy in General Equilibrium

Francois, Joseph; Rojas-Romagosa, Hugo - 2012

The authors analyze general equilibrium relationships between trade policy and the household distribution of income, decomposing social welfare into real income level and variance components and emphasizing Gini and Atkinson indexes. They embed these inequality-adjusted social welfare functions...

Persistent link: https://www.econbiz.de/10012554188

The Construction and Interpretation of Combined Cross-Section and Time-Series Inequality Datasets

Francois, Joseph F.; Rojas-Romagosa, Hugo - 2012

The inequality dataset compiled in the 1990s by the World Bank and extended by the United Nations has been both widely used and strongly criticized. The criticisms raise questions about conclusions drawn from secondary inequality datasets in general. The authors develop techniques to deal with...

Persistent link: https://www.econbiz.de/10012554203

Poverty Traps and Nonlinear Income Dynamics with Measurement Error and Individual Heterogeneity

Antman, Francisca; McKenzie, David J. - 2012

Theories of poverty traps stand in sharp contrast to the view that anybody can make it through hard work and thrift. However, empirical detection of poverty traps is complicated by the lack of long panels, measurement error, and attrition. This paper shows how dynamic pseudo-panel methods can...

Persistent link: https://www.econbiz.de/10012554220