Ligthart, Johanna Elisabeth
The fiscal decentralisation and economic growth nexus revisited / Jenny E. Ligthart and Peter van Oudheusden .-- , 2017
Disponible en formato electrónico a través de la Biblioteca del IEF. Resumen. Conclusión. Bibliografía.
This paper addresses two challenges that the fiscal decentralisation and economic growth nexus faces . namely, endogeneity problems and inaccuratemeasurement of fiscal decentralisation. We introduce novel instrumental variables based on common legal system origin, common federal system, geographical position and relative country size. The positive relationship between fiscal decentralisation and economic growth that we find remains valid when using these instrumental variables. Using fiscal decentralisation measures that better reflect theautonomy of subnational governments changes this relationship. This finding, however, is the result of the accompanying changes in the sample rather than the use of these alternative measures themselves.
DESCENTRALIZACION FISCAL
DESARROLLO ECONOMICO
Oudheusden, Peter van
Fiscal Studiesv. 38, n. 1, March 2017, p. 141-171
The fiscal decentralisation and economic growth nexus revisited / Jenny E. Ligthart and Peter van Oudheusden .-- , 2017
Disponible en formato electrónico a través de la Biblioteca del IEF. Resumen. Conclusión. Bibliografía.
This paper addresses two challenges that the fiscal decentralisation and economic growth nexus faces . namely, endogeneity problems and inaccuratemeasurement of fiscal decentralisation. We introduce novel instrumental variables based on common legal system origin, common federal system, geographical position and relative country size. The positive relationship between fiscal decentralisation and economic growth that we find remains valid when using these instrumental variables. Using fiscal decentralisation measures that better reflect theautonomy of subnational governments changes this relationship. This finding, however, is the result of the accompanying changes in the sample rather than the use of these alternative measures themselves.
DESCENTRALIZACION FISCAL
DESARROLLO ECONOMICO
Oudheusden, Peter van
Fiscal Studiesv. 38, n. 1, March 2017, p. 141-171