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"decentralization theorem of taxation" that is analogous to Oates (1972) famous result that in the absence of spill-over effects and …
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This paper empirically investigates the underlying determinants of expenditure decentralization, based on the … predictions of a new political economy model of partial decentralization. The analysis is based on an agency model, in which two … decentralization is endogenous and depends on the relative political conditions prevailing at each level of government. Consistent with …
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