English, Article, Journal or magazine article edition: Fiscal Decentralization and Economic Growth Jorge Martinez-Vazquez; Robert McNab

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Bookmark: http://trove.nla.gov.au/version/66593
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Fiscal Decentralization and Economic Growth
Author
  • Jorge Martinez-Vazquez
  • Robert McNab
Physical Description
  • preprint
Notes
  • This paper reviews the current knowledge on an issue of increasing policy interest: what impact fiscal decentralization has on economic growth. Fiscal decentralization may indeed have a direct impact on economic growth but the theoretical underpinnings for this relationship remain largely undeveloped. The absence of an adequate theoretical framework has undermined the validity of the empirical work on this subject. A fair summary of the empirical search for a direct relationship between fiscal decentralization and economic growth is that it remains an open question. Much less attention has been devoted in the literature to the indirect channels through which fiscal decentralization may affect economic growth, through the impact of fiscal decentralization on economic efficiency, the regional distribution of resources, and macroeconomic stability. This paper explorers the nature of these links and concludes with some thoughts and policy advice.
  • Fiscal Decentralization,Economic Growth
  • RePEc:ays:ispwps:paper0101
Language
  • English
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