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This paper deals with the problems encountered in defining and measuring the degree of fiscal decentralization. Drawing on a recent analytical framework of the OECD, different measures of fiscal autonomy and revenue decentralization are presented which consider tax-raising powers of sub-central...
Persistent link: https://www.econbiz.de/10014069150
The literature on socio economic implications of fiscal decentralization (FD) has recently been expanding, though only very few studies to day have looked at its macroeconomic effects. This paper investigates the relationship between FD and budget deficits. Using various measures of both...
Persistent link: https://www.econbiz.de/10011528373
The paper investigates effects of fiscal decentralization on non-oil sector development in case of Azerbaijan for the quarterly period of 2002 through 2013. Results obtained from Auto-regressive Distributed Lag Bounds Testing approach show that share of local expenditures and revenues in total,...
Persistent link: https://www.econbiz.de/10012829187
In this paper we use the new Government Revenue Dataset to analyse fiscal decentralization. We find that developed countries are on average more decentralized than developing countries and that Asia, Europe and North America are among the most fiscally decentralized regions. In our econometric...
Persistent link: https://www.econbiz.de/10011582864
Considerable attention has been given to enhancing subnational development finance in response to the 2008 global financial crisis and recent global development agendas, including the Sustainable Development Goals, Financing for Development, and Habitat III/New Urban Agenda. Much work on this...
Persistent link: https://www.econbiz.de/10011975523
Fiscal decentralization and intergovernmental fiscal relations reform have become nearly ubiquitous in developing countries. Performance, however, has often been disappointing in terms of both policy formulation and outcomes. The dynamics underlying these results have been poorly researched....
Persistent link: https://www.econbiz.de/10012966490
efficiency of COVID management using state-level data from three of the worst affected countries, the USA, India, and Mexico, in … from August to November 2020. The grand efficiency scores of Mexico and the USA gradually increased on 3rd October and 29th … November 2020. The results reflect that the USA was holding the leading position in terms of COVID-19 pandemic management at …
Persistent link: https://www.econbiz.de/10013230438
We estimate the impact of fiscal decentralization on different indicators of pollution for more than 80 countries from 1970 to 2000. Our cross country estimates show that fiscal decentralization increases pollution. However, higher quality of institutions can limit the destructive environmental...
Persistent link: https://www.econbiz.de/10010294383
The majority of theoretical and empirical studies on the relationship between decentralization and corruption argues that the devolution of power might be a feasible instrument to keep corruption at bay. We argue that this result crucially depends on the possibility to monitor bureaucrat's...
Persistent link: https://www.econbiz.de/10010300599
The majority of theoretical and empirical studies on the relationship between decentralization and corruption argues that the devolution of power might be a feasible instrument to keep corruption at bay. We argue that this result crucially depends on the possibility to monitor bureaucrat's...
Persistent link: https://www.econbiz.de/10003796490