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作者

来源

来源 JOURNAL OF URBAN ECONOMICS,Vol.58,P.449-461

语言

英文

关键字

C21;H11;H72;O11;Fiscal decentralization;Political freedom;Growth regression

作者单位

Japan Bank for International Cooperation (JBIC) Institute, and International Monetary Fund, 700 19th Street NW, Washington, DC 20431, USA"}]}]}],"floats":[],"footnotes":[],"affiliations":{"aep-affiliation-id2":{"#name":"affiliation","$":{"id":"aep-affiliation-id2;Japan Bank for International Cooperation (JBIC) Institute, and International Monetary Fund, 700 19th Street NW, Washington, DC 20431, USA"}]}},"attachments":[],"correspondences":{},"scopusAuthorIds":{},"articles":{}},"authorMetadata":[],"banner":{"expanded":false},"biographies":{},"body":{},"browser":{"name":"IE","engine":"Trident

摘要

Although it is theoretically expected that decentralization leads to efficient provision of local public services and stimulates economic development, there is a mixed picture of the decentralization effect on economic growth across earlier empirical studies. Using the instrument variables (IV) technique with the latest cross-country data for the period from 1997 to 2001, this paper found that fiscal decentralization has a significant positive impact on per capita GDP growth. Therefore, when the focus is placed on the latest information on the economic situation in the latter 1990s, decentralization, particularly on the fiscal expenditure side, is instrumental in economic growth.