In the past three decades, emerging countries have gone through extensive decentralization reforms. Yet, there are no … studies assessing quantitatively the relative importance of various factors known to affect the success of decentralization …. This paper builds on a comprehensive dataset the authors constructed for Peru, which merges municipal fiscal accounts with …

In the past three decades, emerging countries have gone through extensive decentralization reforms. Yet, there are no … studies assessing quantitatively the relative importance of various factors known to affect the success of decentralization …. This paper builds on a comprehensive dataset the authors constructed for Peru, which merges municipal fiscal accounts with …

. This report analyzes recent trends of the fiscal decentralization process in Peru and presents a set of reform options …Over the past two decades, Peru has achieved remarkable economic success. Average annual Gross Domestic Product (GDP … Peru's economy striking fast and widely shared growth transformed Peru into an upper-middle income and diversified economy …

This insightful study examines the decentralization experiences from 15 countries in different regions of the world … enough to either derail or significantly delay their decentralization objectives …

Decentralization in Peru is an ongoing process that is in its infancy and faces key challenges. This study aims to take …. The report distils the key challenges of the decentralization process and adds value in three specific areas. A first … flows of the decentralization process. Second, the report provides new data on truly decentralized spending as opposed to …

With the end of the commodity super cycle, Peru's potential growth has declined, raising questions of what government … multipliers have a larger effect on growth than current spending or tax-related stimulus in the short and medium terms. Peru's low … investment management and changes to the decentralization framework …