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affected economic growth since reforms began in the late 1970s. We find that a higher degree of fiscal decentralization of … government spending is associated with lower provincial economic growth over the past fifteen years. This consistently … usually makes a positive contribution to local economic growth. …
Persistent link: https://www.econbiz.de/10009209780
China’s current fiscal system is largely decentralized while its governance structure is rather centralized with strong top-down mandates and a homogenous governance structure. Due to large differences in initial economic structures and revenue bases, the implicit tax rate and fiscal burdens...
Persistent link: https://www.econbiz.de/10010284803
region over the last two decades. Moreover, the paper also examines the effects of fiscal decentralization on growth and … associated with higher income levels. However, the growth-enhancing effects of fiscal decentralization are expected to be much …
Persistent link: https://www.econbiz.de/10011113443
. Moreover, the article also examines the effects of fiscal decentralization on growth and public sector size in EECs. The …
Persistent link: https://www.econbiz.de/10013096737
public expenditures and taxes by multiple levels of government. It derives the rate of endogenous growth and, with both … transfers. It also discusses the growth and welfare-maximizing choices of taxes and federal transfers. …
Persistent link: https://www.econbiz.de/10009358970
In this paper, we study the optimal choices of the federal income tax, federal transfers, and local taxes in a dynamic model of capital accumulation and with explicit gamestructure s among multipleprivateage nts, multiplelocal governments, and the federal government. In general, the optimal...
Persistent link: https://www.econbiz.de/10009207431
In an endogenous-growth model, we consider alternative ways of providing public capital using distortionary taxes. We … show that if the government provides the good, the resulting growth rate and welfare may or may not be higher than under … laissez-faire. By contrast, if the government subsidizes private providers, not only are growth and welfare higher than under …
Persistent link: https://www.econbiz.de/10005076791
decentralization on growth and public expenditures, and identify political as well as economic issues arising after 1994 tax sharing …
Persistent link: https://www.econbiz.de/10009321794
This paper presents research on the effect of unconditional grants on local government revenue in Chile: the receipt of transfers may engender an income effect that reduces the collection effort of municipalities. Grants are endogenous and we exploit a kink in a component of the Chilean formula...
Persistent link: https://www.econbiz.de/10010661256
Understanding the logic of fiscal decentralization is pivotal to the next steps of fiscal reform. The first step is a retrospection of the literature and evidence accumulated in the field. As a typical transition economy with rapid and extensive devolution reforms, China is the ideal context to...
Persistent link: https://www.econbiz.de/10010819318