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Fiscal Decentralization and Economic Growth: Evidence from Spanish Regions.
- Source :
- Public Budgeting & Finance; Winter2009, Vol. 29 Issue 4, p24-44, 21p, 7 Charts, 3 Graphs
- Publication Year :
- 2009
-
Abstract
- The degree of fiscal decentralization in Spain is similar to main federal countries and greater than unitary ones. The demand of public sector decentralization is based on a supposed efficiency gains that is far from being obvious. Using a data set for the Spanish regions, we reject the null hypothesis of a significant relationship between growth in per capita gross domestic product (GDP) and expenditure distribution among fiscal administrations. Nonetheless, we find empirical support for a relationship between revenue decentralization, far less advanced than the expenditure one, and growth. In both cases we do reject the null hypothesis of a nonlinear linkage between fiscal decentralization and growth in per capita GDP. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 02751100
- Volume :
- 29
- Issue :
- 4
- Database :
- Complementary Index
- Journal :
- Public Budgeting & Finance
- Publication Type :
- Academic Journal
- Accession number :
- 45718595
- Full Text :
- https://doi.org/10.1111/j.1540-5850.2009.00941.x