Does Fiscal Decentralization Result in a Better Business Climate?

Previous literature generally finds that greater fiscal decentralization is associated with faster economic growth, improved government performance and stronger constraints on the Leviathan behaviour of governments. Because economic growth critically depends on the presence of good government polici...

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Main Authors: Sobel, Russell S., Dutta, Nabamita, Roy, Sanjukta
Format: Journal Article
Language:en_US
Published: Taylor and Francis 2013
Subjects:
Online Access:http://hdl.handle.net/10986/13353
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spelling okr-10986-133532021-04-23T14:03:08Z Does Fiscal Decentralization Result in a Better Business Climate? Sobel, Russell S. Dutta, Nabamita Roy, Sanjukta decentralization fiscal federalism business climate growth Previous literature generally finds that greater fiscal decentralization is associated with faster economic growth, improved government performance and stronger constraints on the Leviathan behaviour of governments. Because economic growth critically depends on the presence of good government policies and institutions, the likely but untested link between these strands of literature is that greater decentralization probably improves growth because it results in government policies more conducive to entrepreneurship and business success. We test (and confirm) this hypothesis using several business climate measures for the US states. 2013-05-09T19:31:31Z 2013-05-09T19:31:31Z 2012-04-30 Journal Article Applied Economics Letters 1350-4851 http://hdl.handle.net/10986/13353 en_US Applied Economics Letters;20(1) http://creativecommons.org/licenses/by-nc-nd/3.0/igo CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank Taylor and Francis Journal Article
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language en_US
topic decentralization
fiscal federalism
business climate
growth
spellingShingle decentralization
fiscal federalism
business climate
growth
Sobel, Russell S.
Dutta, Nabamita
Roy, Sanjukta
Does Fiscal Decentralization Result in a Better Business Climate?
relation Applied Economics Letters;20(1)
description Previous literature generally finds that greater fiscal decentralization is associated with faster economic growth, improved government performance and stronger constraints on the Leviathan behaviour of governments. Because economic growth critically depends on the presence of good government policies and institutions, the likely but untested link between these strands of literature is that greater decentralization probably improves growth because it results in government policies more conducive to entrepreneurship and business success. We test (and confirm) this hypothesis using several business climate measures for the US states.
format Journal Article
author Sobel, Russell S.
Dutta, Nabamita
Roy, Sanjukta
author_facet Sobel, Russell S.
Dutta, Nabamita
Roy, Sanjukta
author_sort Sobel, Russell S.
title Does Fiscal Decentralization Result in a Better Business Climate?
title_short Does Fiscal Decentralization Result in a Better Business Climate?
title_full Does Fiscal Decentralization Result in a Better Business Climate?
title_fullStr Does Fiscal Decentralization Result in a Better Business Climate?
title_full_unstemmed Does Fiscal Decentralization Result in a Better Business Climate?
title_sort does fiscal decentralization result in a better business climate?
publisher Taylor and Francis
publishDate 2013
url http://hdl.handle.net/10986/13353
_version_ 1764423278869348352