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We develop an endogenous growth model with public consumption and infrastructure services provided by two-tier governments. Growth performance and welfare implication are compared under the centralized and decentralized fiscal federal systems. In general, there is a trade-off between welfare and...
Persistent link: https://www.econbiz.de/10014456585
The state has played a major role in the most important developmental successes. This paper discusses the advances in our understanding of the role of the state in the developmental process over the past thirty years, and the contribution to those advances played by changes in economics, changes...
Persistent link: https://www.econbiz.de/10011473933
Persistent link: https://www.econbiz.de/10014528561
We develop an endogenous growth model with public consumption and infrastructure services provided by two-tier governments. Growth performance and welfare implication are compared under the centralized and decentralized fiscal federal systems. In general, there is a trade-off between welfare and...
Persistent link: https://www.econbiz.de/10014480479
Persistent link: https://www.econbiz.de/10012000199
Persistent link: https://www.econbiz.de/10011523603
Persistent link: https://www.econbiz.de/10012671772
Persistent link: https://www.econbiz.de/10012159566
The objective of this paper is to examine the simultaneous relationship between fiscal decentralization, economic … that the significant relationship does exist between fiscal decentralization, economic growth, and human development from … decentralization, respectively. These results hold true with alternative estimation methods and sub-indexes of decentralization …
Persistent link: https://www.econbiz.de/10013400087
Persistent link: https://www.econbiz.de/10011450625