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Despite being one of the smallest countries in the OECD, Israel is marked by significant socio-economic disparities, which have a clear spatial dimension. Ethnic and religious groups with weak socio-economic outcomes are not benefitting from the thriving high-tech sector in the centre of the...
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include sub-national fiscal policies. Baseline results show convergence rates of regional GDP per capita in line with the 2 …% “iron law of convergence” between countries. Capital investment, and public investment in particular, is a stronger driver … government expenditure is associated with lower growth and slower regional convergence, suggesting low sub-national spending …
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This paper surveys the state and evolution of GDP per capita in 281 regions of OECD countries for the time period 1995 – 2013. It puts a special focus on the disparities between the regions. These can be substantial: In 2013, GDP per capita of the least and most developed region varied by a...
Persistent link: https://www.econbiz.de/10011577934
Fiscal decentralisation can lead to a more efficient provision of local public goods and services and promote a better match between policies and citizens’ preferences. At the same time, however, there are concerns about whether all regions will gain from more autonomy. Decentralisation may...
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