Now showing items 1-6 of 6
Fiscal decentralization and deficits: international evidence
(Elsevier BV, 2010)
This paper investigates macroeconomic effects of fiscal decentralization, which has been a neglected area of research. Panel evidence for 16 countries over 1980-1998 indicates that expenditure and revenue decentralization ...
Fiscal decentralization, fiscal rules and fiscal discipline
Fiscal decentralization (FD) and fiscal rules (FR) are institutional mechanisms that are implemented by varying degrees in increasing number of countries. This paper investigates empirically the effect of FR on the ...
Does fiscal decentralization promote fiscal discipline?
We investigate the efficiency and equity implications of a redistributive rule that takes into account both local tax collection efforts and deviation of local incomes from respective targets under alternative fiscal ...
Optimal fiscal decentralization: Redistribution and welfare implications
The literature has been inconclusive regarding the welfare effects of fiscal decentralization (FD), defined here as the extent to which local governments collect and spend local tax revenues. We present an original model ...
Revenue decentralization and income distribution
(Elsevier BV, 2006)
Due to varying local revenue collection capacities and interest group activities, revenue decentralization (RD) may lead to increased inequality. This paper provides empirical evidence, however, that, if coupled with good ...
Fiscal decentralization, central bank independence and inflation: a panel investigation
(Elsevier BV, 2004)
We reinvestigate the relationship between revenue decentralization (RD), central bank independence (CBI) and inflation by modifying the paper by (ECO 72 (2001) 95). We show that, in contrast to the earlier findings, RD has ...