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apparent aim to decentralize legislative and executive powers. This paper shows that the Georgian efforts of decentralization …
Persistent link: https://www.econbiz.de/10005708123
public spending. Consequences on the degree of decentralization are investigated. The main findings are that for a large … decentralization. …
Persistent link: https://www.econbiz.de/10005786723
This paper analyzes fundamental shortcomings in the Georgian legal bases in both the constitution and the tax code with regard to a sustainable fiscal policy. It shows that the lack of experience with sharing political powers and competences among the administrative levels create centralizing...
Persistent link: https://www.econbiz.de/10005827718
well as the relationship between public expenditure and decentralization, for Italian regions in the 1997-2009 period … expenditure on GDP) and the economic growth rate. The main results are twofold. First, when the degree of decentralization is … reasonably low (below the 31% of expenditure decentralization), a BARS curve has been successfully discovered, and the optimal …
Persistent link: https://www.econbiz.de/10011272032
This paper discusses the problems regarding the decentralisation of a formerly communist country. In Georgia, the first steps towards decentralisation failed, since the transition process led to a power vacuum that escalated in bloody conflicts and secessionist movements. The status of Abkhazia...
Persistent link: https://www.econbiz.de/10005708122
EMU and the euro have been existing for more than seven (almost eight) years. As it is known, EMU –and in particular the proper functioning of the single currency – requires the appropriate policy mix. But there is the significant macroeconomic and institutional imbalance within the euro...
Persistent link: https://www.econbiz.de/10009641434
In this paper we develop a probabilistic voting model of inter-gov\-ern\-men\-tal transfers to explain the distribution and size of local public goods. We find that: i) The parties’ political competition for votes induces the central government to provide regional transfers that lead to Pareto...
Persistent link: https://www.econbiz.de/10009292055
In this article we study the role of inter-regional externalities of public goods, equity, and electoral competition in determining the budget of the central government on local public goods. The main results of the paper are: first, our model predicts that the federal budget on local public...
Persistent link: https://www.econbiz.de/10010615007
prepared personnel; the decentralization constraint should be considered according to the relocation of public services; a rent …
Persistent link: https://www.econbiz.de/10005021649
Finnish municipalities enjoy ample fiscal autonomy and provide or arrange the provision of a large share of public services. In recent years, their spending and debt has been increasing steadily, especially because of population ageing and increases in the cost of health care and social...
Persistent link: https://www.econbiz.de/10011276871