Fiscal decentralization, macrostability and growth Jorge Martínez - Vázquez, Robert M. Mcnab
By: Martínez Vázquez, Jorge
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Contributor(s): MacNab, Robert M.
Material type: 
ArticlePublisher: 2006Subject(s): DESCENTRALIZACION FISCAL | DESARROLLO ECONOMICO | ESTABILIZACION ECONOMICA | MODELOS ECONOMETRICOSOnline resources: Click here to access online
In:
Hacienda Pública Española n. 179 (4/2006), p. 25-49Summary: 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.
| Item type | Current location | Home library | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
| IEF | HPE/2006/179-2 (Browse shelf) | Available | HPE/2006/179-2 |
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.
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