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For several decades, many scholars have widely debated the nexus between devolution of fiscal powers and efficiency. However, several studies have neglected the role of institutions and other institutional settings in fiscal decentralization. This study augments the literature by revisiting the...
Persistent link: https://www.econbiz.de/10013200004
This Special Issue publishes high quality papers on contemporary issues in business and economics in Vietnam and other Asian emerging markets. These papers were accepted and presented at the 2019 Vietnam's Business and Economics Research Conference (VBER2019) organized by Ho Chi Minh City Open...
Persistent link: https://www.econbiz.de/10012611338
This paper revisits the relationship between fiscal decentralization and economic growth by addressing the endogeneity issue stemming from reverse causality and unobserved factors that has plagued previous extensive literature on this subject. In our approach, we use the Geographic Fragmentation...
Persistent link: https://www.econbiz.de/10012141996
The objective of this paper is to examine the simultaneous relationship between fiscal decentralization, economic growth, and human development using the panel data of 18 countries over the 2011-2017 period. 3SLS-GMM (Three Stage Least Squares-Generalized Method of Moments Estimator) and GMM-HAC...
Persistent link: https://www.econbiz.de/10015074022
The majority of the literature on fiscal decentralization has tended to stress that the greater capacity of decentralized governments to tailor policies to local preferences and to be innovative in the provision of policies and public services, the greater the potential for economic efficiency...
Persistent link: https://www.econbiz.de/10015070599
as well. In Romania, research, development and innovation could be among the factors that are accountable for the … increasing regional disparities, as the territorial distribution of R&D resources is very unbalanced. Romania is currently trying … in Alba county (subregion NUTS 3) in Romania. The Alba subregion can be considered an obvious example of a successful …
Persistent link: https://www.econbiz.de/10011400028
Romania (NBR)’s policy regarding the exchange rate evolution. They argue that depreciation is a necessary condition for … recovery and not financial stability. On the contrary, Romania cannot afford a shock in the exchange rate level. The risk …
Persistent link: https://www.econbiz.de/10012016927
This paper investigates corporate governance from a cross-country perspective and makes a comparison with Romania … literature by producing a quantitative analysis of cross-country corporate governance and makes a comparison with Romania. For … collected for the 2006-2020 period. In terms of corporate governance dimensions, it was found that Romania underperforms other …
Persistent link: https://www.econbiz.de/10013201283
, comparing the case study areas of Cluj-Napoca in Romania and Pécs in Hungary. We use explorative statistical data analysis to …
Persistent link: https://www.econbiz.de/10014516366
This paper deals with the problems encountered in defining and measuring the degree of fiscal decentralization. Drawing on a recent analytical framework of the OECD, different measures of fiscal autonomy and revenue decentralization are presented which consider tax-raising powers of sub-central...
Persistent link: https://www.econbiz.de/10010297396