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  • 1
    UID:
    b3kat_BV047935903
    Format: 1 Online-Ressource (36 Seiten)
    Series Statement: OECD Regional Development Working Papers
    Content: Public investment is one of the fiscal tools with the strongest impacts on growth over the long term. However, public investment is in decline compared to the period prior to the 2008 global financial crisis in many OECD countries, and particularly in the EU. The main explanation for the decreased resources available for investment comes from the expenditure side. Subnational governments (SNGs)-defined as all levels of government (regional and local) below the national level, are responsible for a large share of public investment: on average, around 60 per cent in the OECD. Most of this public investment goes to infrastructure. This particular role of SNGs poses specific challenges for both the financing and governance of infrastructure investment. This paper focuses on subnational public investment in OECD countries and the EU, and shows that subnational governments have decreased their capital expenditures after 2010. This adjustment has been larger than at the central government level. The paper argues that only a limited diversification of public investment financing has occurred since 2010. The paper also argues that, beyond the sheer volume of investment spending, the governance of subnational investment is essential to efficient public investment. Based on a 2015 survey of 255 subnational governments in the EU, this paper explores specific challenges that subnational governments encounter in managing capital expenditures, , and possible ways to improve the quality of governance of subnational investments
    Language: English
    URL: Volltext  (URL des Erstveröffentlichers)
    URL: Volltext  (URL des Erstveröffentlichers)
    Library Location Call Number Volume/Issue/Year Availability
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  • 2
    UID:
    b3kat_BV047937369
    Format: 1 Online-Ressource (44 Seiten) , 21 x 29.7cm
    Series Statement: OECD Regional Development Working Papers
    Content: Sub-national governments (SNGs) are key players for public investment in OECD countries, responsible for nearly two-thirds of it. At the same time, both the well-being of the population and economic performance depend on an adequate provision of public services, which require public facilities and thus public investment. Ensuring that sub-national governments command the resources for necessary public investment is hence important. While in the immediate, the fiscal space of a SNG for public investment is basically determined by its current fiscal capacities, in a longer-term perspective the evolution of fiscal space comes to depend increasingly on the institutional context. This includes the national framework of fiscal relations across levels of government, the nature and characteristics of SNGs' revenue sources and spending responsibilities, SNGs resilience to crises, and their structural ability to borrow. This paper explores the institutional ability of SNGs to influence their fiscal space for public investment. In this context, it also analyses the main challenges to be faced by SNG finances in the decades to come, as well as recent reforms implemented by SNGs to tackle these specific issues
    Language: English
    URL: Volltext  (URL des Erstveröffentlichers)
    URL: Volltext  (URL des Erstveröffentlichers)
    Library Location Call Number Volume/Issue/Year Availability
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  • 3
    UID:
    gbv_1031415971
    Format: 1 Online-Ressource (circa 37 Seiten) , Illustrationen
    Series Statement: OECD regional development working papers 2017, 05
    Content: Public investment is one of the fiscal tools with the strongest impacts on growth over the long term. However, public investment is in decline compared to the period prior to the 2008 global financial crisis in many OECD countries, and particularly in the EU. The main explanation for the decreased resources available for investment comes from the expenditure side. Subnational governments (SNGs)—defined as all levels of government (regional and local) below the national level, are responsible for a large share of public investment: on average, around 60 per cent in the OECD. Most of this public investment goes to infrastructure. This particular role of SNGs poses specific challenges for both the financing and governance of infrastructure investment. This paper focuses on subnational public investment in OECD countries and the EU, and shows that subnational governments have decreased their capital expenditures after 2010. This adjustment has been larger than at the central government level. The paper argues that only a limited diversification of public investment financing has occurred since 2010. The paper also argues that, beyond the sheer volume of investment spending, the governance of subnational investment is essential to efficient public investment. Based on a 2015 survey of 255 subnational governments in the EU, this paper explores specific challenges that subnational governments encounter in managing capital expenditures, , and possible ways to improve the quality of governance of subnational investments.
    Language: English
    Keywords: Amtsdruckschrift ; Graue Literatur
    URL: Volltext  (lizenzpflichtig)
    URL: Volltext  (lizenzpflichtig)
    Library Location Call Number Volume/Issue/Year Availability
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  • 4
    UID:
    b3kat_BV047935210
    Format: 1 Online-Ressource (49 Seiten) , 21 x 29.7cm
    Series Statement: OECD Regional Development Working Papers
    Content: Recent crises and national consolidation packages affected sub-national finances. In many OECD countries, central governments introduced reductions in transfers to sub-national governments, and established expenditure and/or deficit objectives to be met by local or regional authorities. Such measures have reduced the financial room of sub-national governments for implementing key public services or investments. In parallel, borrowing conditions deteriorated for many sub-national governments, as banks and financial markets became increasingly reluctant to lend. Since late 2008, financial markets started discriminating between high- and low-quality SNG bonds, and yields reached record-high levels for sub-national governments perceived as less creditworthy. Facing degraded finances, upward pressure on expenditures and deteriorated borrowing conditions, many sub-national governments have used public investment as an adjustment variable to reduce their budget deficits and preserve their spending on welfare, health or education. However, such policies may hinder long-term growth perspectives
    Language: English
    URL: Volltext  (URL des Erstveröffentlichers)
    URL: Volltext  (URL des Erstveröffentlichers)
    Library Location Call Number Volume/Issue/Year Availability
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  • 5
    UID:
    b3kat_BV047934792
    Format: 1 Online-Ressource (44 Seiten) , 21 x 29.7cm
    Series Statement: OECD Regional Development Working Papers
    Content: Sub-national governments are key players for public investment, as they are responsible on average for 62% of total public investment in OECD countries. This article analyses the different factors affecting sub-national governments' fiscal space for public investment. It proposes an indicator for measuring this fiscal space and analyses the evolution of its different components over 2007-2012. The article shows that the global financial crisis and the ensuring consolidation drive have reduced sub-national governments' fiscal space for public investment, through a downward pressure on revenues, increased expenditure obligations, and constrained capacity to borrow or issue debt on financial markets
    Language: English
    URL: Volltext  (URL des Erstveröffentlichers)
    URL: Volltext  (URL des Erstveröffentlichers)
    Library Location Call Number Volume/Issue/Year Availability
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  • 6
    UID:
    gbv_755286251
    Format: Online-Ressource (40 S.) , graph. Darst.
    Series Statement: OECD regional development working papers 2013/02
    Content: Recent crises and national consolidation packages affected sub-national finances. In many OECD countries, central governments introduced reductions in transfers to sub-national governments, and established expenditure and/or deficit objectives to be met by local or regional authorities. Such measures have reduced the financial room of sub-national governments for implementing key public services or investments. In parallel, borrowing conditions deteriorated for many sub-national governments, as banks and financial markets became increasingly reluctant to lend. Since late 2008, financial markets started discriminating between high- and low-quality SNG bonds, and yields reached record-high levels for sub-national governments perceived as less creditworthy. Facing degraded finances, upward pressure on expenditures and deteriorated borrowing conditions, many sub-national governments have used public investment as an adjustment variable to reduce their budget deficits and preserve their spending on welfare, health or education. However, such policies may hinder long-term growth perspectives.
    Note: Systemvoraussetzungen: Acrobat Reader.
    Language: English
    Keywords: Arbeitspapier ; Graue Literatur
    Library Location Call Number Volume/Issue/Year Availability
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  • 7
    UID:
    gbv_790419378
    Format: Online-Ressource (43 S.) , graph. Darst.
    Series Statement: OECD regional development working papers 2014/02
    Content: Sub-national governments are key players for public investment, as they are responsible on average for 62% of total public investment in OECD countries. This article analyses the different factors affecting sub-national governments’ fiscal space for public investment. It proposes an indicator for measuring this fiscal space and analyses the evolution of its different components over 2007-2012. The article shows that the global financial crisis and the ensuring consolidation drive have reduced sub-national governments’ fiscal space for public investment, through a downward pressure on revenues, increased expenditure obligations, and constrained capacity to borrow or issue debt on financial markets.
    Note: Systemvoraussetzungen: Acrobat Reader.
    Language: English
    Keywords: Arbeitspapier ; Graue Literatur
    Library Location Call Number Volume/Issue/Year Availability
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  • 8
    UID:
    gbv_790419661
    Format: Online-Ressource (43 S.) , graph. Darst.
    Series Statement: OECD regional development working papers 2014/06
    Content: Sub-national governments (SNGs) are key players for public investment in OECD countries, responsible for nearly two-thirds of it. At the same time, both the well-being of the population and economic performance depend on an adequate provision of public services, which require public facilities and thus public investment. Ensuring that sub-national governments command the resources for necessary public investment is hence important. While in the immediate, the fiscal space of a SNG for public investment is basically determined by its current fiscal capacities, in a longer-term perspective the evolution of fiscal space comes to depend increasingly on the institutional context. This includes the national framework of fiscal relations across levels of government, the nature and characteristics of SNGs’ revenue sources and spending responsibilities, SNGs resilience to crises, and their structural ability to borrow. This paper explores the institutional ability of SNGs to influence their fiscal space for public investment. In this context, it also analyses the main challenges to be faced by SNG finances in the decades to come, as well as recent reforms implemented by SNGs to tackle these specific issues.
    Note: Systemvoraussetzungen: Acrobat Reader.
    Language: English
    Keywords: Arbeitspapier ; Graue Literatur
    Library Location Call Number Volume/Issue/Year Availability
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  • 9
    UID:
    gbv_893941379
    Format: 171 Seiten , Diagramme
    ISBN: 9789264272644
    Series Statement: OECD multi-level governance studies
    Additional Edition: ISBN 9789264272866
    Additional Edition: Erscheint auch als Online-Ausgabe Multi-level Governance Reforms Paris : OECD Publishing, 2017 ISBN 9789264272866
    Language: English
    Subjects: Political Science
    RVK:
    Keywords: OECD ; Mitgliedsstaaten ; Dezentralisation ; Politische Reform ; Amtsdruckschrift ; Graue Literatur ; Fallstudiensammlung ; Bibliografie
    Library Location Call Number Volume/Issue/Year Availability
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  • 10
    UID:
    edoccha_9958218408502883
    Format: 1 online resource (172 pages)
    ISBN: 9789264272866 (PDF)
    Content: "This report provides an overview of?multi-level governance? reforms in OECD countries. It looks at institutional reforms, which reorganise powers, responsibilities and resources across levels of government, as well as territorial reforms, which address territorial structures, often modifying regional and local government administrative areas. The report describes the rationale for different reforms, their characteristics and outcomes, as well as the obstacles faced by governments in designing and implementing them. The success--and failure--of past reforms provide useful lessons that can be applied to future reform efforts. The report includes five case studies that take an in-depth look at countries that have undertaken considerable multi-level governance reforms: Finland, France, Italy, Japan and New Zealand."--Page 4 of cover.
    Note: Executive summary -- Overview of institutional reforms -- Introduction -- Overview of territorial reforms -- Bibliography -- Political economy of multi-level governance reforms: Insights for policy -- Case studies: Finland, France, Japan, Italy, New Zealand -- Foreword and acknowledgements.
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
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