Showing 1 - 10 of 1,887
than yardstick competition, with capital controls and fiscal decentralization shaping the magnitude of fiscal interactions …
Persistent link: https://www.econbiz.de/10013026688
In a monetary union, the interaction between several governments and a single central bank is plagued by several sources of deficit bias, including common pool problems. Each government has strong preferences over local spending and taxation but suffers only part of the costs of union-wide...
Persistent link: https://www.econbiz.de/10012996333
decentralization on economic growth. Much of the traditional literature focuses on the efficiency aspects of a decentralized provision … of public services. However, decentralization may also increase growth by raising the ability of the political system to … innovate and carry out reforms. On the contrary, some authors argue that decentralization increases corruption and government …
Persistent link: https://www.econbiz.de/10013045930
This paper studies the efficiency of decentralized leadership in federations where selfish regional governments provide regional and federal public goods and the benevolent central government implements interregional earmarked and income transfers. Without residential mobility, unlimited...
Persistent link: https://www.econbiz.de/10012981293
Adding to the literature on the effects of government decentralization, this paper uses a large sample of individual … study the relative influences of different types of decentralization, including fiscal decentralization, administrative … decentralization, federalism, and aggregate decentralization. Our results show that fiscal and administrative decentralization are …
Persistent link: https://www.econbiz.de/10012984565
This paper empirically studies the impact of decentralization on foreign aid effectiveness. For this purpose, we … decentralization. Our panel estimations reveal that fiscal decentralization negatively impacts aid effectiveness, while measures of … political decentralization have no significant effect or even a positive one. This result is robust for grants and overall ODA …
Persistent link: https://www.econbiz.de/10013069925
support. Budget support increases the involvement of recipient governments in the decision-making process and can thus be an … example of a “delegation-scheme.” Conversely, project aid represents a more “centralized” type of aid. According to the theory …
Persistent link: https://www.econbiz.de/10013073609
-agent framework, it analyzes two alternative policy-decision schemes — ‘decentralization' and ‘centralization' — when ‘knowledge … government levels. It is shown that, depending on which level of policy decision-making controls the degree of decentralization … explaining variation in the degree of decentralization across countries. Within a two-sided incomplete information principal …
Persistent link: https://www.econbiz.de/10013075612
model to account for this. The idea is that decentralization serves as a commitment device to ensure that ex post chose … policies will reflect regional preferences, thereby boosting individual productive effort incentives. This theory may explain … the decentralization process in China in 1980-1990s, as well as the fact that government decentralization is generally …
Persistent link: https://www.econbiz.de/10013052094
comparing decentralized and centralized system. As in the recent Second Generation Theory (SGT) of fiscal federalism (Seabright … production cost of the public good in each region, a different trade-off - from the traditional and new theory of fiscal …. Given this general framework, the convenience of decentralization versus centralization mainly depends on the interaction …
Persistent link: https://www.econbiz.de/10013130419