Fiscal Performance, Institutional Design and Decentralization in European Union Countries PDF Download

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Fiscal Performance, Institutional Design and Decentralization in European Union Countries

Fiscal Performance, Institutional Design and Decentralization in European Union Countries PDF Author: Mr.Julio Escolano
Publisher: International Monetary Fund
ISBN: 1463943644
Category : Business & Economics
Languages : en
Pages : 32

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Book Description
This paper analyzes the impact of decentralization on overall fiscal performance in the European Union, taking into account fiscal institutional arrangements. We find that spending decentralization has been associated with sizably better fiscal performance, especially when transfer dependency of subnational governments is low. However, subnational fiscal rules do not seem to be associated with better performance.