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decentralization reform, politicians with different skills are elected in municipalities characterized by different levels of …In a career-concern model of politics with endogenous candidacy and different types of politicians, following a … difference in the tax base, following the decentralization reforms of the ’90s. Results strongly support our predictions and are …
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The paper highlights the importance of the design of the fiscal features of the federal system of government in ensuring that potential benefits from its adoption are realized. This economic literature on fiscal federalism posits a framework that delineates the potential benefits ensuing from...
Persistent link: https://www.econbiz.de/10011925459
contextualized by lessons from the country's past decentralization experience under the Local Government Code of 1991. The paper also …
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-transfers, which distorts the central-local distribution of resources. Applying the model to fiscal decentralization, we find when … decentralization widens local governments' fiscal gap, borrowings by both local and central governments rise. Quantitatively, fiscal … decentralization accounts for from 19 percent to 40 percent of changes in general government debt in Spain during 1988-2006. A …
Persistent link: https://www.econbiz.de/10011895599