Fiscal Performance, Institutional Design and Decentralization in European Union Countries

This paper analyzes the impact of decentralization on overall fiscal performance in the European Union, taking into account fiscal institutional arrangements. We find that spending decentralization has been associated with sizably better fiscal performance, especially when transfer dependency of subnational governments is low. However, subnational fiscal rules do not seem to be associated with better performance.

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Year of publication:	2012-02-01
Authors:	Eyraud, Luc ; Tuladhar, Anita ; Escolano, Julio ; Badia, Marialuz Moreno ; Sarnes, Juliane
Institutions:	International Monetary Fund (IMF)
Subject:	European Union \| Government expenditures \| decentralization \| fiscal rules \| fiscal decentralization \| subnational governments \| fiscal performance \| fiscal rule \| subnational government \| government spending \| fiscal federalism \| budget balance \| fiscal institutions \| fiscal discipline \| fiscal policy \| subnational expenditure \| federalism \| fiscal position \| revenue autonomy \| fiscal deficits \| subnational levels \| fiscal balances \| sub-national government \| budget constraint \| expenditure decentralization \| public finance \| subnational authorities \| budget constraints \| government revenue \| fiscal data \| fiscal relations \| government expenditure \| budgetary discipline \| taxation \| sub-national governments \| fiscal behavior \| public debt \| tax autonomy \| fiscal policies \| subnational government expenditure \| fiscal indiscipline \| decentralization variables \| fiscal risks \| decentralizations \| intergovernmental transfers \| fiscal reaction \| medium-term budgetary frameworks \| tax effort \| central government spending \| subnational budget \| fiscal statistics \| local expenditure \| fiscal targets \| fiscal reaction function \| government decentralization \| fiscal outcomes \| budget law \| tax decentralization \| local expenditures \| medium-term fiscal frameworks \| intergovernmental fiscal relations \| fiscal frameworks \| public finances \| local budgets \| discretionary fiscal policy \| tax burden \| tax revenues \| fiscal consolidation \| subnational deficits \| intergovernmental fiscal \| fiscal positions \| revenue collection \| fiscal sustainability \| subnational debt \| fiscal prudence \| economic case for decentralization \| national fiscal rules \| fiscal constitution \| decentralization indicators \| fiscal studies \| expenditure cuts \| expenditure growth \| local revenues \| tax collection \| tax rates \| fiscal balance \| decentralization programs \| budget balances \| general government expenditure \| fiscal consolidations \| tax collection capacity \| central government fiscal \| central fiscal \| primary expenditure \| fiscal governance

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Extent:	application/pdf
Series:	IMF Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series IMF Working Papers Number 12/45 3 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009654158