This paper investigates the determinants of fiscal decentralisation, focusing in particular on the impact of the level of income on the level of fiscal decentralisation. Various measures of fiscal decentralisation, several of them novel in this context, are employed in a cross-country...

In this paper, we study the effects of bureaucratic corruption on fiscal policy and the subsequent impact on economic growth. Here corruption takes three forms: (i) it reduces the tax revenue raised from households, (ii) it inflates the volume of government spending, and (iii) it reduces the...

En este documento se presenta una herramienta, disponible en el Banco de España, para la previsión de los pagos por intereses de las Administraciones Públicas (AAPP) en nuestro país. Frente a modelos más detallados, que tienen en cuenta las características específicas y las fechas...

Rationale The last year has seen growing demand for healthcare services, but the causes of this increase, and how persistent it will be, are as yet uncertain. Should these dynamics prove to be long-lasting and associated with a prolonged deterioration in the general health of the Spanish...

Covers conditions under which public-sector policies, programs, and projects succeed in enhancing the economic activities of poorer groups and micro-regions in developing countries. Topics include local economic development; small enterprises; various forms of collective action; labor and worker...

In the developed world the importance of evidence-based policy is increasingly recognised. Panel studies – a long-term study design where a cross-sectional sample of units is selected and surveyed at regular intervals – are being used to gather information about the same people or...

Small and medium-sized enterprises (SMEs) are considered to be one of the principaldriving force in economic growth in both developing and developed countries. Theycontribute a lot in creating employment; they also have significant contribution to GDPand export. Particularly, SMEs manufacturing...

This paper examines whether temporary fluctuations in output around potential in developing countries are induced primarily by aggregate demand shocks or temporary aggregate supply shocks. Structural vector autoregression methodology using long-run restrictions is used to identify temporary...

Managing relations with customers has been a main concern for business organisations fromdifferent sizes and fields. Such a concern has grown rapidly in the last few decades for a number ofreasons such as the development of new technologies especially in the field of informationtechnology (IT)....

Although there have been many prior studies of the determinants of capital structure, most have investigated listed companies in countries with well-developed markets and institutions. The main objective of the present study is to extend prior research by investigating both listed and unlisted...