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Much of the recent worldwide trend towards devolution has been driven by the belief that fiscal decentralisation is likely to have a positive effect on government efficiency and economic growth. It is generally assumed that the transfer of powers and resources to lower tiers of government allows...
Persistent link: https://www.econbiz.de/10009440322
Much of the recent worldwide trend towards devolution has been driven by the belief that fiscal decentralisation is likely to have a positive effect on government efficiency and economic growth. It is generally assumed that the transfer of powers and resources to lower tiers of government allows...
Persistent link: https://www.econbiz.de/10008490790
The recent devolutionary trend across the world has been in part fuelled by claims of a supposed 'economic dividend' associated with the decentralization of authority and resources. The capacity of devolved administrations with greater autonomous powers to tailor policies to local preferences,...
Persistent link: https://www.econbiz.de/10005164241
Persistent link: https://www.econbiz.de/10007837043
Persistent link: https://www.econbiz.de/10008384475
In this paper we challenge the ability of the conventional methods initiated by Barro and Sala-i-Martin in the early 1990s to detect actual convergence or divergence trends across countries or regions and suggest an alternative dynamic framework of analysis, which allows for a better...
Persistent link: https://www.econbiz.de/10009439566
Recent political and academic discourse about devolution has tended to stress the economic advantages of the transfer of power from national to subnational institutions. This 'economic dividend' arises through devolved administrations' ability to tailor policies to local needs, generate...
Persistent link: https://www.econbiz.de/10009439696
Although it is commonly accepted that investing in technology and research and development (R&D) is a basic catalyst for the genesis of economic activity, there is less consensus on the spatial significance and returns of the R&D effort for regional and local economies. It is often argued that...
Persistent link: https://www.econbiz.de/10009439698
The geographical sources of innovation of firms have been hotly debated. While the traditional view is that physical proximity within city-regions is key for the innovative capacity of firms, the literature on 'global pipelines' has been stressing the importance of establishing communication...
Persistent link: https://www.econbiz.de/10009439701
This paper analyses the role of infrastructure endowment and investment in the genesis of regional growth in the European Union. It assesses the economic effects of the existence and improvement of transport networks in light of their interactions with innovation and local socio-economic...
Persistent link: https://www.econbiz.de/10009440146