composition. Only when the differences are sufficiently large does full decentralization become the optimal regime. National … conjecture" that fiscal decentralization increases capital accumulation. However, in terms of welfare this result can be reversed …

decentralization in 2001 using a two-stage approach. First, extensive input and output data are utilized to measure government … decentralization and the first-stage productivity scores is analyzed using a Tobit model. This study provides extensive and … decentralization is found to promote government expenditure efficiency. Tax revenue collected by regional governments will support …

We develop an endogenous growth model to simulate the long-term impact of Italy's National Recovery and Resilience Plan …, decentralization weakens the NRRP's impact on the relative position of the South. However, even under our best scenario - centralized …