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Municipal Pooled Financing of Infrastructure in the United States : Experience and Lessons

De Angelis, Michael A. - 2017

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/10012945944

Fiscal Management in Federal Democracies : Argentina and Brazil

Dillinger, William - 2017

In shifting to decentralized public finances, a country's central government faces certain fiscal management problems. First, during and soon after the transition, unless it reduces pending or increases its own tax resources, the central government tends to have higher deficits as it shifts...

Persistent link: https://www.econbiz.de/10012971218

Financing Infrastructure and Monitoring Fiscal Risks at the Subnational Level

Liu, Lili - 2017

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/10012975236

Electoral Accountability, Fiscal Decentralization and Service Delivery in Indonesia

Skoufias, Emmanuel - 2017

This paper takes advantage of the exogenous phasing of direct elections in districts and applies the double difference estimator to: (i) measure impacts on the pattern of public spending and revenue generation at the district level; and (ii) investigate the heterogeneity of the impacts on public...

Persistent link: https://www.econbiz.de/10012976073

Laws for Fiscal Responsibility for Subnational Discipline : International Experience

Liu, Lili - 2017

Fiscal responsibility laws are institutions with which multiple governments in the same economy -- national and subnational --can commit to help avoid irresponsible fiscal behavior that could have short-term advantages to one of them but that would be collectively damaging. Coordination failures...

Persistent link: https://www.econbiz.de/10012976097

Integrating Land Financing into Subnational Fiscal Management

Peterson, George E. - 2017

Land assets have become an important source of financing capital investments by subnational governments in developing countries. Land assets, often with billions of dollars per transaction, rival and sometimes surpass subnational borrowing or fiscal transfers for capital spending. While reducing...

Persistent link: https://www.econbiz.de/10012976386

Fiscal Federalism in Bosnia-Herzegovina : The Dayton Challenge

Johnson, Noel D. - 2017

The authors describe Bosnia's current arrangements in fiscal federalism, outline the unique challenges that the Dayton system proposed, and draw lessons for the design of fiscal federal systems in ethnically diverse economies. Traditional economic models of federalism suggest a government...

Persistent link: https://www.econbiz.de/10012746907

Sequencing Fiscal Decentralization

Bahl, Roy W. - 2016

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...

Persistent link: https://www.econbiz.de/10012748132

Breaking into Tradables : Urban Form and Urban Function in a Developing City

Venables, Anthony J. - 2017

Many cities in developing economies, particularly in Africa, are experiencing urbanization without industrialization …

Persistent link: https://www.econbiz.de/10012964807

Urbanization and Development : Is Latin America and the Caribbean Different from the Rest of the World?

Roberts, Mark - 2017

of economic development is strongly positively correlated with its level of urbanization; and (b) a country's level of … urbanization is strongly negatively correlated with the size of its agricultural sector. However, countries in the Latin America …, Caribbean countries appear significantly less urbanized. However, analyses involving cross-country comparisons of urbanization …

Persistent link: https://www.econbiz.de/10012959138