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Intergovernmental transfers can be either conditional or unconditional with regard to the autonomy of local governments in spending such financial means. Although fiscal decentralisation has recently been quite pronounced in Eastern European transition countries, the dominance of a purpose- and...
Persistent link: https://www.econbiz.de/10011408426
This paper describes the institutional changes that have induced a decline in the vertical fiscal imbalance (VFI) - defined as the share of sub-national own spending not financed through own revenues - in four European countries: Belgium, Italy, Norway, and Spain. The decline in VFI was achieved...
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of government. In developing, transition, and industrial countries alike, the process of decentralization of government … redistributed affects the degree and nature of decentralization generating considerable debate in countries as diverse as Italy and … Denmark, those in North America, as well as countries in transition, such as China and Russia. The book includes a balance of …
Persistent link: https://www.econbiz.de/10014473991
Most countries pay substantial intergovernmental transfers to poor regions. Since these transfers are often paid with the aim of achieving regional convergence, they should have a positive effect on economic growth. However, it is equally possible that transfers perpetuate under-development by...
Persistent link: https://www.econbiz.de/10011522145