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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

Pro-Growth, Pro-Poor : Is There a Tradeoff?

Lopez, J. Humberto - 2013

Is a pro-growth strategy always the best pro-poor strategy? To address this issue, the author provides an empirical evaluation of the impact of a series of pro-growth policies on inequality and headcount poverty. He relies on a large macroeconomic data set and estimate dynamic panel models that...

Persistent link: https://www.econbiz.de/10012559830

Geographic Inequity in a Decentralized Anti-Poverty Program : A Case Study of China

Ravallion, Martin - 2012

The central governments of many developing countries have chosen to decentralize their anti-poverty programs, in the expectation that local agents are better informed about local needs. The paper shows that this potential advantage of decentralized eligibility criteria can come at a large cost,...

Persistent link: https://www.econbiz.de/10012552753

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

Assessing the Redistributive Effect of Fiscal Policy

Essama-Nssah, B. - 2012

Who benefits from public spending? Who bears the burden of taxation? How desirable is the distribution of net benefits from the operation of a tax-benefit system? This paper surveys basic concepts, methods, and modeling approaches commonly used to address these issues in the context of fiscal...

Persistent link: https://www.econbiz.de/10012552377

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

Measuring the Pro-Poorness of Income Growth within an Elasticity Framework

Essama-Nssah, B.; Lambert, Peter J. - 2012

Poverty reduction has become a fundamental objective of development, and therefore a metric for assessing the effectiveness of various interventions. Economic growth can be a powerful instrument of income poverty reduction. This creates a need for meaningful ways of assessing the poverty impact...

Persistent link: https://www.econbiz.de/10012553855