Partial Fiscal Decentralization And Sub National Government Fiscal Discipline PDF Download
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Author | : Zareh Asatryan |
Publisher | : |
Total Pages | : 27 |
Release | : 2015 |
Genre | : |
ISBN | : |
Download Partial Fiscal Decentralization and Sub-National Government Fiscal Discipline Book in PDF, ePub and Kindle
Recent theoretical research suggests that financing sub-national governments' expenditure out of own revenue sources is linked to more responsible budgeting, because the financial implications of spending decisions then are internalized within a jurisdiction. We test this proposition empirically on a sample of 23 OECD countries over the 1975-2000 period, and find evidence in line with the hypothesis that greater revenue decentralization (measured as sub-national governments' share of own source tax revenues in general government tax revenue) is associated with improved sub-national government budget deficits/surpluses. This finding is cross-validated with a novel, independent dataset consisting of all 34 OECD member states from 2002 to 2008.
Author | : Anwar Shah |
Publisher | : World Bank Publications |
Total Pages | : 55 |
Release | : 2005 |
Genre | : Federal government |
ISBN | : |
Download Fiscal Decentralization and Fiscal Performance Book in PDF, ePub and Kindle
Fiscal rules binding on all levels can help sustain political commitment in countries having coalitions or fragmented regimes in power. Coordinating institutions help in the use of moral suasion to encourage a coordinated response. Industrial countries' experiences also show that unilaterally imposed federal controls and constraints on subnational governments typically do not work. Instead, societal norms based on fiscal conservatism such as the Swiss referenda and political activism of the electorate play important roles. Ultimately capital markets and bond-rating agencies provide more effective discipline on fiscal policy. In this context, it is important not to backstop state and local debt and not to allow ownership of the banks by any level of government. Transparency of the budgetary process and institutions, accountability to the electorate, and general availability of comparative data encourages fiscal discipline.
Author | : Jonathan Rodden |
Publisher | : MIT Press |
Total Pages | : 502 |
Release | : 2003 |
Genre | : Business & Economics |
ISBN | : 9780262182294 |
Download Fiscal Decentralization and the Challenge of Hard Budget Constraints Book in PDF, ePub and Kindle
A multi-country study of the conditions under which decentralized countries might ensure fiscal discipline.
Author | : Ms.Annalisa Fedelino |
Publisher | : International Monetary Fund |
Total Pages | : 114 |
Release | : 2010-10-06 |
Genre | : Business & Economics |
ISBN | : 1589069854 |
Download Making Fiscal Decentralization Work Book in PDF, ePub and Kindle
The question of what makes fiscal decentralization work is faced by many policymakers around the world. This book draws on both the relevant literature and policy and technical advice provided by the IMF to a wide range of member countries, and discusses the key factors that help make decentralization sustainable, efficient, and equitable from a macroeconomic perspective. It focuses on institutional reforms (in the revenue and expenditure assignments to different levels of government, the design of intergovernmental transfers, and public financial management systems) that are suited to different countries circumstances, and their appropriate sequencing.
Author | : Anwar Shah |
Publisher | : World Bank Publications |
Total Pages | : 50 |
Release | : 2004 |
Genre | : Decentralization in government |
ISBN | : |
Download Fiscal Decentralization in Developing and Transition Economies Book in PDF, ePub and Kindle
Author | : Laura von Daniels |
Publisher | : Edward Elgar Publishing |
Total Pages | : 221 |
Release | : 2016-03-25 |
Genre | : Business & Economics |
ISBN | : 1783475951 |
Download Fiscal Decentralization and Budget Control Book in PDF, ePub and Kindle
How can governments control spending pressure from influential groups, often representing powerful regional interests? This book is concerned with institutional solutions that allow modern nation states to balance historically grown cultural, political and economic diversity. Laura von Daniels combines different literatures in economics and political science, and draws on interviews with former government leaders, and country experts from international organizations. She applies this research to topics such as fiscal institutions and budget balances, presenting a critical review of different institutional approaches to resolving fiscal imbalances and public indebtedness. Students and scholars of various disciplines, including politics, public and social policy, economics and business will find the discussions and detailed description of institutional reforms in emerging market nations to be of use to their research. It will also be of interest to practitioners working on fiscal decentralization and budget control.
Author | : International Monetary Fund. Fiscal Affairs Dept. |
Publisher | : International Monetary Fund |
Total Pages | : 55 |
Release | : 2009-07-27 |
Genre | : Business & Economics |
ISBN | : 1498335810 |
Download Macro Policy Lessons for a Sound Design of Fiscal Decentralization Book in PDF, ePub and Kindle
Fiscal decentralization has been, and remains high on the policy agenda of many countries. It is mainly driven by political pressures, which tend to be especially evident in countries with multiple ethnicities, and/or wide regional disparities in incomes or resource endowments. More generally, decentralization pressures frequently reflect a desire for more participatory government and greater voice of local constituents in the allocation of budgetary resources. Regardless of its motivation, fiscal decentralization can have important macroeconomic implications. Therefore, Fund advice to member countries (whether in the context of surveillance, program design, or technical assistance) has often focused on the design and implementation of intergovernmental fiscal arrangements. This paper distills the main lessons from the Fund’s engagement with member countries in this area, drawing in particular, (but not exclusively) on technical assistance (TA) provided by the Fiscal Affairs Department (FAD) to ten countries which are broadly representative of the range of members that have requested assistance in this area.
Author | : Serdar Yilmaz |
Publisher | : World Bank Publications |
Total Pages | : 172 |
Release | : 2003-01-01 |
Genre | : Business & Economics |
ISBN | : 9780821356999 |
Download Subnational Data Requirements for Fiscal Decentralization Book in PDF, ePub and Kindle
This publication has been produced as part of a capacity building programme to strengthen the ability of national statistical systems to collect subnational demographic, socio economic and fiscal data. This is important in the design of public policy options, particularly as subnational governments in the transition economies of Central and Eastern Europe become responsible for the delivery of local services. This publication contains case studies from five countries in Central and Eastern Europe that are at different stages of fiscal decentralisation (covering Bulgaria, Romania, the Slovak Republic, Slovenia, and Ukraine).
Author | : Roy Bahl |
Publisher | : Edward Elgar Publishing |
Total Pages | : 430 |
Release | : 2018-03-30 |
Genre | : Business & Economics |
ISBN | : 1786435306 |
Download Fiscal Decentralization and Local Finance in Developing Countries Book in PDF, ePub and Kindle
This book draws on experiences in developing countries to bridge the gap between the conventional textbook treatment of fiscal decentralization and the actual practice of subnational government finance. The extensive literature about the theory and practice is surveyed and longstanding problems and new questions are addressed. It focuses on the key choices that must be made in decentralizing, on how economic and political factors shape the choices that countries make, and on how, by paying more attention to the need for a more comprehensive approach and the critical connections between different components of decentralization reform, everyone involved might get more for their money.
Author | : Anwar Shah |
Publisher | : World Bank Publications |
Total Pages | : 51 |
Release | : 1998 |
Genre | : Control fiscal |
ISBN | : |
Download Fiscal Federalism and Macroeconomic Governance Book in PDF, ePub and Kindle
November 1998 Shah concludes that, contrary to a common misconception, decentralized fiscal systems offer more potential for improved macroeconomic governance than do centralized fiscal systems, because they require greater clarity about the roles of various players and decisionmakers and-to ensure fair play-greater transparency in rules governing interactions. In analyzing the institutional environment for macroeconomic management, Shah discusses monetary policy, fiscal policy, and subnational borrowing. In analyzing the macroeconomic dimensions of securing an economic union, he discusses the regulatory environment, tax coordination, transfer payments and social insurance, intergovernmental fiscal transfers, and regional equity. Finally, he discusses the challenges of globalization and draws lessons from experience about fiscal reform in developing countries: Among them: * Monetary policy is best entrusted to an independent central bank with a mandate for price stability. * Fiscal rules accompanied by gatekeeper intergovernmental councils or committees provide a useful framework for fiscal discipline and coordination of fiscal policy. * The integrity and independence of the financial sector contribute to fiscal prudence in the public sector. * To ensure fiscal discipline, governments at all levels must be made to face the financial consequences of their decisions. * Societal norms and consensus about the roles of various levels of government and limits to their authority are vital to the success of decentralized decisionmaking. * Tax decentralization is a prerequisite for subnational access to credit markets. * Higher-level institutional assistance may be needed to finance local capital projects. * An internal common market is best preserved by constitutional guarantees. * Intergovernmental transfers in developing countries undermine fiscal discipline and accountability while building transfer dependencies that cause a slow economic strangulation of fiscally disadvantaged regions. * Periodic review of jurisdictional assignments is essential to realign responsibilities with changing economic and political realities. * Finally, and contrary to a common misconception, decentralized fiscal systems offer more potential for improved macroeconomic governance than do centralized fiscal systems. This paper-a product of the Country and Regional Relations Division, Operations Evaluation Department-is part of a larger effort in the department to learn lessons of experience in improving public sector performance in developing countries. The author may be contacted at [email protected].