Fiscal Decentralization Improves Social Outcomes When Countries Have Good Governance
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Fiscal Decentralization Improves Social Outcomes When Countries Have Good Governance
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Author : Ryota Nakatani
language : en
Publisher: International Monetary Fund
Release Date : 2022-06-03
Fiscal Decentralization Improves Social Outcomes When Countries Have Good Governance written by Ryota Nakatani and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-06-03 with Business & Economics categories.
Does fiscal decentralization improve health and educational outcomes? Does this improvement depend on the quality of governance? How do fiscal decentralization and governance interact? We answer these questions through an instrumental variable Tobit analysis of cross-country panel data. We find negative effects of fiscal decentralization on health outcomes, which however are more than offset by better governance. Education expenditure decentralization to subnational governments enhances educational outcomes. We conclude that countries can only reap the benefits from decentralization when the quality of their governance arrangements exceeds a certain threshold. We also find that sequencing and staging of decentralization matter. Countries should improve government effectiveness and control of corruption first to maximize benefits of fiscal decentralization.
Perspectives On Fiscal Federalism
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Author : Richard Miller Bird
language : en
Publisher: World Bank Publications
Release Date : 2006-01-01
Perspectives On Fiscal Federalism written by Richard Miller Bird and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-01-01 with Political Science categories.
This book addresses a variety of issues relating to intergovernmental finance and the provision and financing of local services including budgeting and financial management, the institutional framework for the conduct of intergovernmental relations, appropriate methods of service delivery in metropolitan agglomerations and remote rural areas, local government enterprises, user charges, property taxes, income and value-added taxes, natural resource taxes, and local business taxes. Throughout, the authors draw on experience both in Canada and in other decentralized countries and consider to vary.
Fiscal Decentralization And Local Finance In Developing Countries
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Author : Roy Bahl
language : en
Publisher: Edward Elgar Publishing
Release Date : 2018-03-30
Fiscal Decentralization And Local Finance In Developing Countries written by Roy Bahl and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-03-30 with Business & Economics categories.
This book draws on experiences in developing countries to bridge the gap between the conventional textbook treatment of fiscal decentralization and the actual practice of subnational government finance. The extensive literature about the theory and practice is surveyed and longstanding problems and new questions are addressed. It focuses on the key choices that must be made in decentralizing, on how economic and political factors shape the choices that countries make, and on how, by paying more attention to the need for a more comprehensive approach and the critical connections between different components of decentralization reform, everyone involved might get more for their money.
Understanding Fiscal Decentralization
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Author : Bilin Neyapti
language : en
Publisher: Edward Elgar Publishing
Release Date : 2025-07-15
Understanding Fiscal Decentralization written by Bilin Neyapti and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-07-15 with Business & Economics categories.
This book provides a comprehensive overview of fiscal decentralization (FD), outlining how it interacts with domestic structures and institutions. It reviews both theoretical and empirical literature relating to macroprudential institutions and macroeconomic outcomes, arguing that the complex relationship between FD and economic development undermines a one-size-fits-all approach for FD design.
Fiscal Decentralization And Fiscal Policy Performance
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Author : Moussé Sow
language : en
Publisher: International Monetary Fund
Release Date : 2017-03-24
Fiscal Decentralization And Fiscal Policy Performance written by Moussé Sow and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-03-24 with Business & Economics categories.
This paper explores the impact of fiscal decentralization on fiscal policy performance in a large sample of advanced and developing economies. The findings suggest that a larger share of decentralized expenditure is associated with a stronger fiscal balance; however, fiscal decentralization can lead to more pro-cyclical fiscal policy. Thus, the design and pace of fiscal decentralization need to be tailored to the specificities of the economy. Countries that have already established strong accountablity and budget management capacity at the local level can benefit from fiscal decentralization. In contrast, in economies prone to large volatility from internal and external shocks, the central government may need to retain a sufficient share of expenditure and revenue to conduct counter-cyclical policies. Finally, the pace of expenditure and revenue decentralization should be aligned.
Preventing Fiscal Crises Under Decentralization
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Author : Ryota Nakatani
language : en
Publisher: International Monetary Fund
Release Date : 2025-05-09
Preventing Fiscal Crises Under Decentralization written by Ryota Nakatani and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-05-09 with categories.
What instruments can governments deploy to prevent fiscal crises in decentralized fiscal systems? This analysis reveals that good public sector institutions, controls by the central government over local fiscal balances and borrowing, and intergovernmental transfers could be effective instruments for reducing the probability of a crisis. Strengthening good institutions mitigates the unwanted effects of devolution on fiscal unsustainability by inhibiting allocative inefficiencies caused by the moral hazard of governments. Expenditure decentralization to local governments increases the probability of a crisis only when local governments run large budget deficits, indicating that controls by the center over the local budget balance or borrowing ability may help to avoid overspending and the resulting excessive indebtedness. Subnational fiscal rules and administrative constraints also reduce the probability of a crisis. Intergovernmental transfers are associated with a lower probability of a fiscal crisis because they can play a role in interregional risk sharing among subnational governments.
Fiscal Decentralization In Developing Countries
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Author : Richard M. Bird
language : en
Publisher: Cambridge University Press
Release Date : 2008-12-04
Fiscal Decentralization In Developing Countries written by Richard M. Bird and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-12-04 with Business & Economics categories.
Fiscal Decentralisation in Developing Countries features important, original and up-to-date research from leading scholars assessing fiscal decentralization in developing countries. It has rich and varied case-study material from countries as diverse as India, China, Colombia, Bosnia-Herzogovina and South Africa.
Fiscal Decentralization And The Efficiency Of Public Service Delivery
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Author : Moussé Sow
language : en
Publisher: International Monetary Fund
Release Date : 2015-03-17
Fiscal Decentralization And The Efficiency Of Public Service Delivery written by Moussé Sow and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-03-17 with Business & Economics categories.
This paper explores the impact of fiscal decentralization on the efficiency of public service delivery. It uses a stochastic frontier method to estimate time-varying efficiency coefficients and analyzes the impact of fiscal decentralization on those efficiency coefficients. The findings indicate that fiscal decentralization can improve the efficiency of public service delivery but only under specific conditions. First, the decentralization process requires adequate political and institutional environments. Second, a sufficient degree of expenditure decentralization seems necessary to obtain favorable outcomes. Third, decentralization of expenditure needs to be accompanied by sufficient decentralization of revenue. Absent those conditions, fiscal decentralization can worsen the efficiency of public service delivery.
Social Sector Spending Governance And Economic Development
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Author : Ramesh Chandra Das
language : en
Publisher: Taylor & Francis
Release Date : 2023-02-20
Social Sector Spending Governance And Economic Development written by Ramesh Chandra Das and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-02-20 with Business & Economics categories.
Economic development depends heavily on the growth of social sectors like education, healthcare, gender equality, as well as factors like income, consumption, investment and trade. This book examines the interlinkages between development, good governance and spending on social growth. The book focuses on different areas of social growth, public welfare and poverty reduction including managing human resources, corruption in public institutions and public spaces as well as health and welfare measures. The chapters in the volume highlight the role of government interventions in boosting human development – particularly in developing countries in Asia and Africa and many developed countries in the post-COVID scenario. The book also examines the foundations of government spending on development and effective governance while underlining the impact which social growth has on the economy. Rich in theoretical and empirical perspectives, this book will be useful for students and researchers of economics, sociology, political studies, public finance, development studies as well as for policymakers and think tanks working in the areas of human development.
Imf Engagement On Education Spending In Surveillance And Program Work
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Author : Mauricio Soto
language : en
Publisher: International Monetary Fund
Release Date : 2025-04-28
Imf Engagement On Education Spending In Surveillance And Program Work written by Mauricio Soto and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-04-28 with categories.
Engaging on education spending supports the delivery on the Fund’s macroeconomic mandate. Education is a key determinant of economic growth and development and plays a fundamental role in reducing inequalities. Public intervention in education is widespread and is generally justified on both efficiency and equity grounds. Large gaps exist across countries in both education access and learning outcomes. Following the IMF’s 2019 social spending strategy, this note provides guidance to staff on how to engage on education spending issues in surveillance and program context. The engagement is guided by an assessment of macro-criticality which can arise through three channels: spending adequacy, spending efficiency and fiscal sustainability. This note aims to guide staff on how to assess these channels. The extent and purpose of engagement on macro-critical education spending issues may vary across countries and programs. In surveillance contexts, focus on macro-critical education issues is warranted if such issues affect or have the potential to affect domestic or external stability. In program settings, engagement on macro-critical education issues may arise when such issues are critical to achieve program objectives or to monitor program implementation. When engaging on macro-critical education spending issues, it is important to collaborate with development partners.