Fiscal Federalism and Macroeconomic Performance: A Survey of Recent Research
- In this paper, we offer both a broad survey of the literature on fiscal federalism and long-run economic performance, and a detailed report of some of our own recent studies in this field. We look at the difference between study types (cross-country versus single-country studies), and at the relevance of the broader institutional framework into which fiscal decentralization is embedded. We also look into structural change and intergovernmental transfers as a detailed mechanism through which federalism may have an impact on aggregate economic performance.It turns out that fiscal decentralization has no robust effect on growth, but the evidence hints at a positive effect on overall productivity, conditional on the broader institutional framework.
Author: | Lars P. Feld, Jan SchnellenbachORCiD |
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DOI: | https://doi.org/10.1068/c1054r |
ISSN: | 1472-3425 |
Title of the source (English): | Environment and Planning – Government and Policy |
Document Type: | Scientific journal article peer-reviewed |
Language: | English |
Year of publication: | 2011 |
Tag: | economic performance; fiscal decentralization; fiscal federalism; growth |
Volume/Year: | 29 |
Issue number: | 2 |
First Page: | 224 |
Last Page: | 243 |
Faculty/Chair: | Fakultät 5 Wirtschaft, Recht und Gesellschaft / FG VWL, insbesondere Mikroökonomik |