Fiscal decentralization and deficits: International evidence
نویسندگان
چکیده
منابع مشابه
Globalization and Fiscal Decentralization
The international integration of markets and the decentralization of authority within nation states are two defining trends of the contemporary era. A popular speculation is that globalization has caused a downward shift in the locus of governance by reducing the economic costs of smallness and allowing localities and regions with distinctive preferences to pursue their own political and econom...
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Fiscal decentralization implies a transfer of resources (tax revenues) from the federal government to the provincial governments (which were previously being spent by the former). Those in favor of decentralization would argue that this is conducive to human development due to a host of reasons not least because local governments are believed to be more in touch with local needs, tastes and cul...
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The fiscal decentralization impulse now sweeping the world often leads to partial decentralization, where subnational governments are funded by central transfers, rather than leading to full local autonomy. Despite the practical important of this arrangement, the literature contains no economic analysis of a partial decentralization regime in a Tiebout-style model. This paper provides such an a...
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ژورنال
عنوان ژورنال: European Journal of Political Economy
سال: 2010
ISSN: 0176-2680
DOI: 10.1016/j.ejpoleco.2010.01.001