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India's fiscal problem has deep roots in its federal fiscal system, where multiple players find it difficult to coordinate adjustment. The size and closed nature of the Indian economy, aided by its deep domestic capital market and large captive pool of domestic savings, has disguised the cost of...
Persistent link: https://www.econbiz.de/10005604857
This paper analyzes the impact of decentralization on overall fiscal performance in the European Union, taking into … account fiscal institutional arrangements. We find that spending decentralization has been associated with sizably better …
Persistent link: https://www.econbiz.de/10009654158
In many countries the decentralization of spending responsibilities has outpaced the decentralization of revenue powers …
Persistent link: https://www.econbiz.de/10009327869
This paper analyzes past fiscal consolidation plans and their outcomes in France. It covers the early attempts at fiscal consolidation in the 1970s and the 1980s (Plan Barre and Virage de la Rigueur), the first episode of medium-term fiscal consolidation in 1994-97 ahead of joining the European...
Persistent link: https://www.econbiz.de/10009019566
) provides little evidence that budget constraints at the cantonal level affect municipal finances and fiscal decentralization …
Persistent link: https://www.econbiz.de/10010424734
decentralization and fiscal rules on the public sector efficiency. We conclude that while decentralization is fostering efficiency …, fiscal rules do not have any effect. Moreover, fiscal rules combined with decentralization may harm efficiency, consistently …
Persistent link: https://www.econbiz.de/10011810896
This paper explores the nuanced relationship between fiscal decentralization and fiscal sustainability. Employing panel … data analyses, it scrutinizes how decentralization influences fiscal discipline across different governmental levels …. Results for 185 countries show that while tax decentralization often hampers the degree of fiscal responsiveness, potentially …
Persistent link: https://www.econbiz.de/10014543839
-enhancing policies, but also on the instrument of decentralization, which is often presented as a tool suited to appease separatist …
Persistent link: https://www.econbiz.de/10009483678
presented here seeks to answer two questions: “Is decentralization a suitable tool to appease separatist movements and prevent a … a secession threat can be used by a minority region to gain a higher level of decentralization than the larger part of … reduction or on the improvement of governance, especially where they are not accompanied by (additional) decentralization. – It …
Persistent link: https://www.econbiz.de/10011257965
This paper explores the nuanced relationship between fiscal decentralization and fiscal sustainability. Employing panel … data analyses, it scrutinizes how decentralization influences fiscal discipline across different governmental levels …. Results for 185 countries show that while tax decentralization often hampers the degree of fiscal responsiveness, potentially …
Persistent link: https://www.econbiz.de/10014574299