Showing 1 - 10 of 610
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
Because protection of property rights cannot be appropriated by any individual, it is widely recognized as being the state's responsibility. Moreover, recent empirical evidence suggests that protection of property rights leads to higher investment levels and faster growth. The extent of property...
Persistent link: https://www.econbiz.de/10012573359
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...
Persistent link: https://www.econbiz.de/10012559898
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
Despite a world awash with liquidity, large infrastructure supply gaps exist across developing and emerging markets. Infrastructure has been largely decentralized to subnational governments in many countries, and many policymakers are keenly interested in developing subnational bond markets to...
Persistent link: https://www.econbiz.de/10012569759
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
Defining vigilance as retrospective voting - where voters evaluate incumbents on their performance during their entire term in office - the author compares voter behavior in local and national elections to make inferences about whether voters are more vigilant in monitoring government at the...
Persistent link: https://www.econbiz.de/10012572929
Decentralization of fiscal responsibilities has emerged as a primary objective on the agendas of national governments … share of public expenditures managed by local governments, they find greater fiscal decentralization is consistently … associated with lower mortality rates. The results suggest that the benefits of fiscal decentralization are particularly …
Persistent link: https://www.econbiz.de/10012572937
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