UID:
edoccha_9958091109402883
Format:
1 online resource (34 p.)
ISBN:
1-4639-4365-2
,
1-4639-4364-4
Series Statement:
IMF Working Papers
Content:
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.
Note:
"February 2012."
,
At head of title: Fiscal Affairs Department.
,
Cover; Abstract; Contents; I. Introduction; II. The Economic Debate on Fiscal Decentralization; III. Institutional Features of European Subnational Governments; A. Subnational government structures and economic functions; Figures; 1. Trends in Subnational Expenditure Shares by Number of Countries,1995-2008; B. Control mechanisms; 2. Fiscal Rule Strength and Level of Decentralization; IV. Stylized Facts on Decentralization and Fiscal Performance; 3. Average Fiscal Balances by Level of Decentralization in the European Union, 1995-2009; 4. Fiscal Performance in the European Union, 1995-2008
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5. Increase in Spending and Revenue Decentralization6. Fiscal Rules Indices and Fiscal Performance, 2008; V. Econometric Evidence; A. Baseline results; B. Robustness checks; VI. Conclusions; Tables; 1. Features of Subnational Governments; 2. Fiscal Decentralization and Fiscal Performance; 3. Do Fiscal Institutions Matter?; 4. Robustness Checks; Appendices; 1. Expenditure Assignments to Subnational Governments in the European Union; 2. Fiscal Rules at the Subnational Level in the European Union; Appendix Tables and Figures
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1. Fiscal Rules in the EU Member States by Type of Rule and Level of Government, 20082. Sanctions and Escape Clauses by Type of Fiscal Rule; 3. Selected Episodes of Subnational Bailouts in the European Union; 4. Data Sources and Definitions; References
,
English
Additional Edition:
ISBN 1-4639-4363-6
Additional Edition:
ISBN 1-4639-3646-X
Language:
English
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