What factors govern growth and sustainability? The remarkable recent development of several East Asian countries had brought this question to the fore. While other books have examined the impact of domestic policies and their interaction, this volume looks at the impact of OECD country policies...

Empirical tests of the theories on the relationship between political competition and economic performance generate a puzzle: data tend to support the theory at the lower levels of government, but not in panels of countries. We argue that the larger set of policy instruments reduces the tax...

We study the relationship between fiscal decentralization and economic growth for 23 OECD countries from 1975 to 2001 by using new panel data on sub-federal tax autonomy. While initial estimations suggest that fiscal decentralization causes lower growth rates, we find that this result is not...