Fiscal decentralization and deficits: International evidence

被引：74
|
作者：
Neyapti, Bilin [1 ]
机构：
[1] Bilkent Univ, Dept Econ, TR-06800 Ankara, Turkey
来源：
EUROPEAN JOURNAL OF POLITICAL ECONOMY | 2010年 / 26卷 / 02期
关键词：
Fiscal decentralization; Budget deficits; CENTRAL BANK INDEPENDENCE; ECONOMIC-GROWTH; CENTRALIZATION; FEDERALISM; GOVERNMENT; INCOME; CHINA;
D O I：
10.1016/j.ejpoleco.2010.01.001
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper investigates macroeconomic effects of fiscal decentralization, which has been a neglected area of research. Panel evidence for 16 countries over 1980-1998 indicates that expenditure and revenue decentralization reduce budget deficits. A principal finding is that the fiscal disciplining effect of fiscal decentralization increases with population size. Interestingly, absence of local elections is associated with greater effectiveness of fiscal decentralization. The benefits of expenditure decentralization decrease with ethnolinguistic fractionalization and quality of governance. (C) 2010 Elsevier B.V. All rights reserved.
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页码：155 / 166
页数：12
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