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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
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
McGregor P. G. and Swales K. (2005) Economics of devolution/decentralization in the UK: some questions and answers …, decentralization and delegation of decision-making and policy delivery initiated by the post-1997 UK Labour Government. It is argued …
Persistent link: https://www.econbiz.de/10005491448
Persistent link: https://www.econbiz.de/10011523603
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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