paper compares three regimes (centralization, decentralization and federalism) in an economy where individuals choose their … move from decentralization to federalism, called moral federalism, is welfare improving behind the veil of ignorance if and … only if centralization dominates decentralization, and (ii) for the group that favors a restrictive policy moral federalism …

The political blessings of federalism are the core of our discussion. These benefits are operationalized as the … different cases, we conclude that the political force of the decentralization-theorem (Oates) is a sole and inverse function of … the population size of the nation: Next, the question is addressed how the gains from federalism react to variations in …

component analysis, seven aspects of both federalism and decentralization are used as variables for explaining differences in (1 … study adds to our knowledge on the transmission mechanisms of federalism and decentralization. … federalism by employing a simple dummy variable neglect potentially important institutional details. Based on a principal …

The paper analyzes the impact of decentralization on governance employing four indicators of governance and five … measures of decentralization. Depending on data availability, crosssections for a maximum of 129 countries are estimated …. Results for a panel of about 70 countries over the period 1984-2001 are also presented. The results show that decentralization …

The "Decentralization Theorem" (Oates, 1972) is central to the discussion of fiscal federalism. We revisit the role of … consumption spillovers in evaluating the merits of (de)centralization. Unlike the general prediction, a higher degree of … spillovers may reduce the difference in utility of centralization and decentralization. The non-monotonicity result relates to …

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 …

can undertake an active portfolio management strategy by investing in both risk-free and risky assets. Using a two …