English, Article, Journal or magazine article edition: Vertical integration, technological choice and foreclosure Eric AVENEL

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Bookmark: http://trove.nla.gov.au/version/4461
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Vertical integration, technological choice and foreclosure
Author
  • Eric AVENEL
Physical Description
  • preprint
Notes
  • This article examines why, and how, fiscal decentralization could increase the economic growth rate (the hypothesis is predatory, or "corrupt", govemments). Searching for the optimal level of decentralization, the article first investigates the effects of an horizontal partition of the political power. Two effects will compete : a positive effect due to "proximity" and a negative effect linked to "coordination failures" (for raisons of externalities, small independent rŽgions failed to implement a sufficient level of public spending). Then, the analysis seems to provide a theory of frontiers. But the article also shows that the intervention of a super-center (even corrupted), which centralizes taxes and decentralizes spending, should realize a higher growth rate. In that way, "federalism", which rather is a vertical partition of the political power, is the optimal rule.
  • RePEc:ctl:louvre:2000031
Language
  • English
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