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We develop an endogenous growth model with public consumption and infrastructure services provided by two-tier governments. Growth performance and welfare implication are compared under the centralized and decentralized fiscal federal systems. In general, there is a trade-off between welfare and...
Persistent link: https://www.econbiz.de/10014456585
The state has played a major role in the most important developmental successes. This paper discusses the advances in our understanding of the role of the state in the developmental process over the past thirty years, and the contribution to those advances played by changes in economics, changes...
Persistent link: https://www.econbiz.de/10011473933
In diesem Beitrag wird zunächst das Wirtschaftswachstum Lateinamerikas im Zeitraum 1950-2001 im internationalen Vergleich untersucht. Daran schließt sich eine Analyse der Industrie- und Handelspolitik, der makroökonomischen Stabilisierung und der institutionellen Entwicklung in den...
Persistent link: https://www.econbiz.de/10011495369
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China's fast growth has been accompanied by rising regional inequality, triggering debate over a policy trade-off between aggregate growth and equity. We set out a three-region model of China in which local government behavior affects local TFP dynamics, and regional inequality itself generates...
Persistent link: https://www.econbiz.de/10014456599
Persistent link: https://www.econbiz.de/10003578874
The article provides a broad-based overview on competing development strategies and the economic performance of developing countries, mainly since the year 2000. Four traditional mainstream development strategies are discussed (Washington Consensus, neo-liberalism, "good governance" and MDGs)...
Persistent link: https://www.econbiz.de/10011300734
Persistent link: https://www.econbiz.de/10010517990
decentralization on economic growth. Much of the traditional literature focuses on the efficiency aspects of a decentralized provision … of public services. However, decentralization may also increase growth by raising the ability of the political system to … innovate and carry out reforms. On the contrary, some authors argue that decentralization increases corruption and government …
Persistent link: https://www.econbiz.de/10010412862