support. Budget support increases the involvement of recipient governments in the decision-making process and can thus be an …

-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 … optimal choice of policy-decision schemes. The empirical analysis shows that countries ́choices depend on the relative …