Martínez Vázquez, Jorge
Fiscal decentralization, macrostability and growth / Jorge Martínez - Vázquez, Robert M. Mcnab .-- , 2006
Resumen. Bibliografía.
This paper examines how fiscal decentralization may influence economic growth. Previous research on this question has primarily focused on the potential direct relationship between decentralization and growth. In this paper, we also examine the potential indirect influence of decentralization on growth through its impact on macroeconomic stability. We find that decentralization may positively influence price stability in developed countries, through this impact is much less clear in developing and transitional countries. We also find some evidence suggesting that decentralization may directly and negatively effect economic growth in higer - income countries but that this effect is reduced through the indirect positive impact of decentralization on growth through macroeconomicstability.
DESCENTRALIZACION FISCAL
DESARROLLO ECONOMICO
ESTABILIZACION ECONOMICA
MODELOS ECONOMETRICOS
MacNab, Robert M.
Hacienda Pública Españolan. 179 (4/2006), p. 25-49
Fiscal decentralization, macrostability and growth / Jorge Martínez - Vázquez, Robert M. Mcnab .-- , 2006
Resumen. Bibliografía.
This paper examines how fiscal decentralization may influence economic growth. Previous research on this question has primarily focused on the potential direct relationship between decentralization and growth. In this paper, we also examine the potential indirect influence of decentralization on growth through its impact on macroeconomic stability. We find that decentralization may positively influence price stability in developed countries, through this impact is much less clear in developing and transitional countries. We also find some evidence suggesting that decentralization may directly and negatively effect economic growth in higer - income countries but that this effect is reduced through the indirect positive impact of decentralization on growth through macroeconomicstability.
DESCENTRALIZACION FISCAL
DESARROLLO ECONOMICO
ESTABILIZACION ECONOMICA
MODELOS ECONOMETRICOS
MacNab, Robert M.
Hacienda Pública Españolan. 179 (4/2006), p. 25-49