explaining variation in the degree of decentralization across countries. Within a two-sided incomplete information principal …-agent framework, it analyzes two alternative policy-decision schemes — ‘decentralization' and ‘centralization' — when ‘knowledge … government levels. It is shown that, depending on which level of policy decision-making controls the degree of decentralization …

We analyze the implications of decentralization for the incentives of local governments to provide productivity …

Based on cross-country data for up to 78 countries, this paper shows that fiscal decentralization-the assignment of … governance, such as corruption, rule of law, and government effectiveness. Unlike previous studies in the decentralization …/governance literature, which focus primarily on expenditure-based measures of decentralization, the results reported in this paper show that …

We survey the empirical literature on fiscal decentralization (FD) and analyze the advantages and disadvantages of … conclude that there is no general answer regarding the net effect of FD. Fiscal decentralization reforms have to consider a …

, we studied how the laws of investor protection influenced on the decentralization of corporate ownership and what role … reached. At first, the decentralization of ownership is the result of the effective legal protection of minority shareholders …

applications of the theory of government decentralization. Decentralization tends to discourage inward FDI and domestic trade and …