Fiscal Decentralization and Economic Growth

Jorge Martinez-Vazquez and Robert McNab
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Jorge Martinez-Vazquez: Georgia State University
Robert McNab: Naval Postgraduate School

No 743, CEMA Working Papers from China Economics and Management Academy, Central University of Finance and Economics

Abstract: Fiscal decentralization may indeed have a direct impact on economic growth but the theoretical underpinnings for this relationship remain largely undeveloped. 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. We argue that much work remains to be done before policy advisors and decision makers can formulate and implement decentralization programs on the basis of improving the rate of economic growth.

Keywords: fiscal decentralization; economic growth (search for similar items in EconPapers)
Pages: 20 pages
Date: 2003-02-18
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Journal Article: Fiscal Decentralization and Economic Growth (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:cuf:wpaper:743

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