On the Measurement and Impact of Fiscal Decentralization
The typical post-Bretton Woods era development approach that emphasized central government-led development efforts has changed dramatically, and local governments have clearly emerged as players in development policy. The thinking about what is imp...
| Main Authors: | , |
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, D.C.
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2002/03/1744000/measurement-impact-fiscal-decentralization http://hdl.handle.net/10986/14821 |
| Summary: | The typical post-Bretton Woods era
development approach that emphasized central government-led
development efforts has changed dramatically, and local
governments have clearly emerged as players in development
policy. The thinking about what is important to achieve in
development objectives is changing as fiscal
decentralization reforms are being pursued by many countries
around the world. In this context, a number of studies have
attempted to quantify the impact of decentralization by
relating some measure of it to economic outcomes of fiscal
stability, economic growth, and public sector size. But
decentralization is surprisingly difficult to measure.
Nearly all cases examining the relationship between
decentralization and macroeconomic performance have relied
on the Government Finance Statistics (GFS) of the
International Monetary Fund. However, despite its merits,
GFS falls short in providing a full picture of fiscal
decentralization. For some countries, however, there is data
that more accurately captures fiscal responsibilities among
different types of governments. |
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