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 […]
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 […]
Latin American countries have made great strides in increasing total revenue. The biggest challenge they face, however, is reforming tax institutions and rules. The importance of taxation as a development tool cannot be emphasized enough, […]
State and local government fiscal systems have increasingly become vulnerable to economic changes. Over the past three decades, state and local deficits during economic recession have been larger and deeper each time. The impact […]
Public financial management (PFM)—-the science and art of budgeting, spending, and accounting for public funds—-is among the most fundamental elements of public sector reform. PFM not only helps to ensure that there are clear rules […]
Nepal’s Constituent Assembly on Wednesday (September 16, 2015) overwhelmingly approved a new constitution after seven years of painstaking efforts and deliberations, splitting the country into seven federal provinces. Constituent Assembly Chairman Subash Nemwang announced the […]
Although Bangladesh is widely regarded as one of the most centralized countries in the world, a sea-change is about to take place in the role of local governments in Bangladesh. On August 31, 2015, Cabinet […]
The way public finances are organized in a country forms the basis for how local authorities run their activities in cities, towns and villages. While national governments have the responsibility to design and supervise a […]
Inclusion and ensuring equitable development are important themes in the emerging post-2015 Sustainable Development Agenda. Inclusion and equity are not only important features in the own right: poverty reduction and development progress can only be […]
The new Handbook of Multi-Level Finance (2015)—edited by Etisham Ahmad and Giorgio Brosio—provides a comprehensive review of the state of knowledge on fiscal federalism and provides considerable insight into how multi-level government finance and policies […]
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