Fiscal Decentralization and Budget Control

Fiscal Decentralization and Budget Control PDF

Author: Laura von Daniels

Publisher: Edward Elgar Publishing

Published: 2016-03-25

Total Pages: 221

ISBN-13: 1783475951

DOWNLOAD EBOOK →

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.

The Challenge of Fiscal Decentralization in Transition Countries

The Challenge of Fiscal Decentralization in Transition Countries PDF

Author: Era Dabla-Norris

Publisher: International Monetary Fund

Published: 2002-06

Total Pages: 50

ISBN-13:

DOWNLOAD EBOOK →

This paper examines key aspects of the ongoing decentralization process in transition economies and identifies areas where the present systems can have potentially adverse impacts on both service delivery and macroeconomic performance. We discuss three critical principles of a sound and efficient decentralized fiscal system-and then show the contrasts between these and actual trends and policies in transition countries.

Intergovernmental Relations and Fiscal Discipline: Between Common Tax Resources and Soft Budget Constraints

Intergovernmental Relations and Fiscal Discipline: Between Common Tax Resources and Soft Budget Constraints PDF

Author: Guiseppe Pisauro

Publisher: INTERNATIONAL MONETARY FUND

Published: 2001-05-01

Total Pages: 30

ISBN-13: 9781451848687

DOWNLOAD EBOOK →

Fiscal decentralization is likely to entail a bias in the budget process toward higher public expenses and deficits. The paper reviews lessons drawn from the theoretical literature and international experience on the design of intergovernmental relations. The institutional setup should address the dual problem of "common tax resources" and "soft" budget constraints, where policies devised to correct one problem may exacerbate the other. An approach based on full tax autonomy of lower-tier governments and reliance on market discipline, not supplemented by self-imposed constitutional limits, is not advisable. More effective seems to be a cooperative approach with some preeminence granted to the central government.

Fiscal Decentralization and Local Finance in Developing Countries

Fiscal Decentralization and Local Finance in Developing Countries PDF

Author: Roy Bahl

Publisher: Edward Elgar Publishing

Published: 2018-03-30

Total Pages: 512

ISBN-13: 1786435306

DOWNLOAD EBOOK →

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.

Macro Policy Lessons for a Sound Design of Fiscal Decentralization

Macro Policy Lessons for a Sound Design of Fiscal Decentralization PDF

Author: International Monetary Fund. Fiscal Affairs Dept.

Publisher: International Monetary Fund

Published: 2009-07-27

Total Pages: 55

ISBN-13: 1498335810

DOWNLOAD EBOOK →

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.

Hamilton's Paradox

Hamilton's Paradox PDF

Author: Jonathan Rodden

Publisher: Cambridge University Press

Published: 2006

Total Pages: 335

ISBN-13: 0521842697

DOWNLOAD EBOOK →

As new federations take shape and old ones are revived around the world, a difficult challenge is to create incentives for fiscal discipline. By combining theory, quantitative analysis, and historical and contemporary case studies, this book lays out the first systematic explanation of why decentralized countries have had dramatically different fiscal experiences. It provides insights into current policy debates from Latin America to the European Union, and a new perspective on a tension between the promise and peril of federalism that has characterized the literature since The Federalist Papers.

Fiscal Aspects of Evolving Federations

Fiscal Aspects of Evolving Federations PDF

Author: David E. Wildasin

Publisher: Cambridge University Press

Published: 1997-10-13

Total Pages: 240

ISBN-13: 9780521563826

DOWNLOAD EBOOK →

These essays on the economics of fiscal federalism contains original research by experts in North America and Europe on a timely topic. Reform of fiscal relations between central and subnational governments is an urgent priority in many countries since increased economic integration within and among countries means that goods, services, capital, and human resources can flow across political boundaries more easily than before. The structure of intergovernmental transfers, tax competition, and the fiscal implications of labor migration are analyzed for audiences in economics, political science, and public policy.