This paper examines whether revenue decentralization and direct external financial supervision affect the incidence and strength of political budget cycles, using a panel of Israeli municipalities during the period 1999-2009. We find that high dependence on central government transfers - as...

This paper explores the emergence of a world economy since 1950 and its implications for the world's labor force. There are five main sets of conclusions. First, the share of the world's labor force located in developing countries increased significantly between 1950 and 1990. Productivity...

This paper examines whether revenue decentralization and direct external financial supervision affect the incidence and strength of political budget cycles, using a panel of Israeli municipalities during the period 1999-2009. We find that high dependence on central government transfers - as...