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Intergovernmental fiscal frameworks usually reflect fundamental societal choices and history and are not foremost geared towards achieving economic policy objectives. Yet, like most institutional arrangements, fiscal relations affect the behaviour of firms, households and governments and thereby...
Persistent link: https://www.econbiz.de/10012454676
economic growth under fiscal decentralization policy in the context of China’s experience, using panel data for 28 provinces … that fiscal decentralization could improve regional growth in China. Finally, this paper finds that the use of extra …
Persistent link: https://www.econbiz.de/10014084854
China's fast growth has been accompanied by rising regional inequality, triggering debate over a policy trade-off between aggregate growth and equity. We set out a three-region model of China in which local government behavior affects local TFP dynamics, and regional inequality itself generates...
Persistent link: https://www.econbiz.de/10014456599
decentralization on economic growth. Much of the traditional literature focuses on the efficiency aspects of a decentralized provision … of public services. However, decentralization may also increase growth by raising the ability of the political system to … innovate and carry out reforms. On the contrary, some authors argue that decentralization increases corruption and government …
Persistent link: https://www.econbiz.de/10010412862
decentralization on economic growth. Much of the traditional literature focuses on the efficiency aspects of a decentralized provision … of public services. However, decentralization may also increase growth by raising the ability of the political system to … innovate and carry out reforms. On the contrary, some authors argue that decentralization increases corruption and government …
Persistent link: https://www.econbiz.de/10013045930
The paper investigates effects of fiscal decentralization on non-oil sector development in case of Azerbaijan for the … share of local expenditures and revenues in total, measures of fiscal decentralization, have negative impact on non-oil GDP … implementing economic reforms to develop institutional aspects of decentralization and thus make it supportive for non-oil economic …
Persistent link: https://www.econbiz.de/10012829187
This study discusses the impact of fiscal decentralisation on economic growth to have an indepth analysis of different policies that are in practice for decentralisation. This study makes it obvious that mere decentralisation is not enough; the equally important matter is how to decentralise? In...
Persistent link: https://www.econbiz.de/10012813911
Persistent link: https://www.econbiz.de/10011958166
Persistent link: https://www.econbiz.de/10000880382
Persistent link: https://www.econbiz.de/10003854004