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We use a new approach to assess long-term fiscal developments. By analyzing the time varying behaviour of the two components of government spending and revenue responsiveness and persistence - we are able to infer about the sources of fiscal behaviour. Drawing on quarterly data we estimate...
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This article describes the changes that have taken place in the work of the Budget Office of the central government as a consequence of the transition from the traditional budget process, often referred to as “incremental budgeting”, to top-down budgeting. This transition has taken place in...
Persistent link: https://www.econbiz.de/10012418950
This paper aims to examine whether the status of fiscal decentralization generates efficiency in local spending … point of vertical fiscal imbalance but also the fiscal implication of spending decentralization and local government … empirical results show that fiscal decentralization determines more responsible and efficient local spending, enhancing local …
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This book analyzes the architecture of fiscal decentralization in one hundred and ten countries as well as in major …. If increasing fiscal decentralization has been a global trend in recent decades, there are significant variations across … European Union but less than 5% in many developing countries. Decentralization in terms of revenue and expenditure autonomy has …
Persistent link: https://www.econbiz.de/10009375266
This book, compiled from the 2nd Global Report of United Cities and Local Governments (UCLG) on Decentralization and … Local Democracy, analyzes the architecture of fiscal decentralization in one hundred and ten countries as well as in major …
Persistent link: https://www.econbiz.de/10011850578
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