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Households may migrate between jurisdictions to secure preferred mixes of collectively sup-plied services and taxation. But devolution of taxes to sub-national jurisdictions could reduce expected tax revenue if some move to lower tax regimes, constraining devolved government policy. This paper...
Persistent link: https://www.econbiz.de/10011540007
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
countries in the degree of fiscal decentralization can contribute to this divergent outcome. Using a large panel of countries …, covering several decades and various fiscal decentralization and natural resource measures, we provide empirical support for …
Persistent link: https://www.econbiz.de/10013038322
This paper examines the role of political alignment and the electoral business cycle on municipality revenues in Greece for the period 2003-2010. A panel dataset combining local and national elections with local budgets is used to run a fixed-effects econometric model. The findings suggest that...
Persistent link: https://www.econbiz.de/10012010194
This paper revisits the relationship between fiscal decentralization and economic growth by addressing the endogeneity … argue are strong and consistent instruments for fiscal decentralization. Empirically, we find that indeed both instruments … expenditure or revenue shares - the conventional measures of decentralization - will increase GDP per capita growth by …
Persistent link: https://www.econbiz.de/10012107011
In this article, updated approach to assess the impact of fiscal decentralization on economic development is offered …. The relationship between the proper level of fiscal decentralization and economic growth for 27 advanced and emerging … expenditures decentralization was more essential than revenue decentralization. The vast majority of the counties from Central and …
Persistent link: https://www.econbiz.de/10012865398
This paper revisits the relationship between fiscal decentralization and economic growth by addressing the endogeneity … argue are strong and consistent instruments for fiscal decentralization. Empirically, we find that indeed both instruments … expenditure or revenue shares—the conventional measures of decentralization—will increase GDP per capita growth by approximately 0 …
Persistent link: https://www.econbiz.de/10012860646
In this paper, I examine the impact of fiscal decentralization on state-level economic growth in India. There is little … empirical evidence testing for a non-uniform impact of fiscal decentralization within a country. I build a social development … outcomes. Using an analytical model, I identify the specific channels through which fiscal decentralization impacts economic …
Persistent link: https://www.econbiz.de/10012860895
This paper reviews the current knowledge on an issue of increasing policy interest: what impact fiscal decentralization … has on economic growth. Fiscal decentralization may indeed have a direct impact on economic growth but the theoretical … decentralization and economic growth is that it remains an open question. Much less attention has been devoted in the literature to the …
Persistent link: https://www.econbiz.de/10014136490