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Efforts to maintain balanced budgets, driven in part by formal requirements, lead to substantial pro-cyclicality in states' capital investments, transfers to local governments, and spending in areas like education and transportation. Extensive reliance on relatively volatile revenue sources...
Persistent link: https://www.econbiz.de/10013098483
even when we control for the conventional measure of fiscal decentralization. Finally, we compare federalism, Chinese style …, to federalism, Russian style …
Persistent link: https://www.econbiz.de/10014059970
present time has to be federally flexible and dynamically decentralised and institutions of fiscal federalism are crucial for … federalism if it is to be successful, irrespective of the fact of whether it is being carried out in a federal or non …
Persistent link: https://www.econbiz.de/10014054503
Past research has provided evidence of clientelistic politics in delivery of programme benefits by local governments, or gram panchayats (GPs), and manipulation of GP programme budgets by legislators and elected officials at upper tiers in West Bengal, India. Using household panel survey data...
Persistent link: https://www.econbiz.de/10012595896
Developed by Musgrave (1959) and Oates (1972), the concept of fiscal federalism describes the process performed by the …
Persistent link: https://www.econbiz.de/10013157917
) provides little evidence that budget constraints at the cantonal level affect municipal finances and fiscal decentralization …
Persistent link: https://www.econbiz.de/10010424734
This paper studies the equilibrium effects of local fiscal autonomy accounting for benefits from self-determination. It proposes a quantifiable structural equilibrium framework in which imperfectly mobile heterogeneous households sort themselves across jurisdictions under endogenous public good...
Persistent link: https://www.econbiz.de/10012694121
This paper explores the nuanced relationship between fiscal decentralization and fiscal sustainability. Employing panel … data analyses, it scrutinizes how decentralization influences fiscal discipline across different governmental levels …. Results for 185 countries show that while tax decentralization often hampers the degree of fiscal responsiveness, potentially …
Persistent link: https://www.econbiz.de/10014543839
This study analyzes the effect of fiscal decentralization on health outcomes in China using a panel data set with … fiscal decentralization can indeed lead to more efficient production of local public goods, but also highlights the necessary …
Persistent link: https://www.econbiz.de/10005744769
traditional, expenditure-related motives for centralization considered in the fiscal federalism literature is present. If central …
Persistent link: https://www.econbiz.de/10011629989