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Fiscal Decentralization

Fiscal Decentralization

Local government finances during the “Great Recession”

March 26, 2018 LPS Alliance
This report–written by Professor Harold (Hal) Wolman for the German Marshall Fund of the United States –examines how national government policy, and particularly national grant systems, affected local governments during the “Great Recession” and its […]
Fiscal Decentralization

Institutions of Intergovernmental Fiscal Relations: Challenges Ahead

February 21, 2017 Jamie Boex
Intergovernmental fiscal institutions are the overarching framework for relations across government levels. They comprise the constitutional set up of a country; the division of power between government levels; the prevalence of fiscal rules across government […]
Fiscal Decentralization

Brazil to allow states with good ratings to issue new debt

December 2, 2016 LPS Initiative
The National Monetary Council, known as CMN, said it will permit states under the fiscal adjustment program to tap 7 billion reais in new credit backed by the national treasury. The government had not allowed […]
Fiscal Decentralization

Does Fiscal Decentralisation Foster Regional Convergence?

October 6, 2016 LPS Initiative
Across the OECD, GDP per capita is converging. In contrast, regional disparities – or differences in GDP per capita across jurisdictions – are rising, mainly as a result of widening productivity differences. Fiscal decentralisation could […]
Education

Nepal: Public Finance in Schools

August 24, 2016 LPS Initiative
Nepal’s school education system, one of the most decentralised sectors, involves various institutions at the local level. The current mode of decentralisation allows school stakeholders to spend state funds as specified and transferred by the […]
Fiscal Decentralization

The Fiscal Risk of Local Government Revenue in the People’s Republic of China

July 27, 2016 LPS Initiative
Since the Tax Sharing Reform in 1994, the local government revenue of the People’s Republic of China (PRC) has faced downward risk problems. This paper reviews the fiscal and taxation reforms in the central and local […]
Fiscal Decentralization

Do the Poor Count in Fiscal Decentralization Policy?

June 30, 2016 LPS Initiative
Various fiscal decentralization instruments help improve livelihoods for the poor. The general grant transfers in particular enable the fiscally disadvantaged localities to provide public services at levels comparable to rich jurisdictions. Although previous research abounds […]
Fiscal Decentralization

How Well Do Subnational Borrowing Regulations Work?

April 1, 2016 LPS Initiative
There are many positive aspects associated with subnational borrowing, including additional funding and promoting intergenerational equity. However, it may also endanger fiscal sustainability and macro stability due to moral hazard and soft budget constraints, making borrowing controls justified […]
Fiscal Decentralization

When Are Federations More Unequal?

February 3, 2016 LPS Alliance
Why do some countries redistribute more to poorer regions than others? This paper explores which factors explain variation in the degree of interregional redistribution among countries between 1983 and 2010. The main argument is that […]
Fiscal Decentralization

Is Decentralization Good For Development?

January 19, 2016 LPS Initiative
Is decentralization good for development? This book, edited by Jean-Paul Faguet and Caroline Pöschl, offers insights and lessons that help us understand when the answer is ‘Yes’, and when it is ‘No’. It shows us how decentralization […]

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