Fiscal decentralization and economic growth reconsideredJournal of Urban Economics (2007)
AbstractRecent studies examining the relation between fiscal decentralization and economic growth have failed to take account of the extent of the independent taxing powers available to sub-national governments and thus have substantially overstated the degree of effective decentralization. Results from a cross section study of 19 OECD member countries suggest that when the measure of fiscal decentralization is limited to the revenues over which sub-national governments have full autonomy, its impact on economic growth is not statistically significant.
- Fiscal decentralization,
- Sub-national governments,
- Economic growth
Publication DateJanuary, 2007
Citation InformationJohn Thornton. "Fiscal decentralization and economic growth reconsidered" Journal of Urban Economics Vol. 61 Iss. 1 (2007)
Available at: http://works.bepress.com/john_thornton/12/