Showing 1 - 10 of 19
The paper shows that corruption at the federal level may be contagious for regional governments suggesting that federal structure of the government may be one of the reasons for persistence of corruption. The analysis reveals that well-informed voters may rationally forego their chance to elect...
Persistent link: https://www.econbiz.de/10005459015
The paper provides an empirical analysis of the early impact of formation of the customs union of Belarus, Kazakhstan and Russia and associated changes in imports schedule on the structure of Kazakhstan’s imports. Trade creation effects appear to have been insignificant. At the same time the...
Persistent link: https://www.econbiz.de/10010901996
The paper provides an empirical analysis of the determinants of fiscal decentralization within Russian regions in 1994-2001. The conventional view that more decentralized governments are found in regions and countries with higher income, higher ethnolinguistic fractionalization, and higher...
Persistent link: https://www.econbiz.de/10004989860
Countries have adopted various institutional responses to subnational government borrowing. Using a sample of 43 countries over the period 1982-2000, this paper provides a panel data analysis to determine the most effective borrowing constraints for containing local fiscal deficits. The results...
Persistent link: https://www.econbiz.de/10005599140
The paper analyzes the determinants of success of recent fiscal consolidations in the OECD countries as well as the short-run and long-run effects of fiscal adjustments on economic activity by looking at fourteen case studies, panel data for OECD countries, and the results of simulations using a...
Persistent link: https://www.econbiz.de/10005599708
Summary The paper argues that governments in regions that rely heavily on intergovernmental transfers and natural resource rents face serious distortions in their incentive structure. As a result, such regions tend to have more fiscally centralized governments than the regional characteristics...
Persistent link: https://www.econbiz.de/10005316296
The paper provides empirical analysis of the relationship between fiscal decentralisation and the quality of public services in the Russian regions. The analysis suggests that fiscal decentralisation has no significant effect on the key inputs into secondary education, such as schools,...
Persistent link: https://www.econbiz.de/10008552480
Commodity resources offer vast opportunities for development. In the long run, however, the performance of commodity-rich countries tends to fall short of expectations, as commodity rents induce macroeconomic volatility and undermine incentives to improve institutions. The paper looks at the...
Persistent link: https://www.econbiz.de/10008552481
Countries have adopted various institutional responses to subnational government borrowing. Using a sample of 43 countries over the period 1982-2000, this paper provides a panel data analysis to determine the most effective borrowing constraints for containing local fiscal deficits. The results...
Persistent link: https://www.econbiz.de/10005141978
The paper provides a theoretical and cross-country empirical analysis of the determinants of financial deepening, and finds that higher credit-to-GDP ratios are associated with stronger creditor rights and lower inflation, and that the marginal effect of improvements in creditor rights...
Persistent link: https://www.econbiz.de/10005248198