Decentralization has been increasing in developing countries, oftentimes, with the encouragement of development partners. It is estimated that intergovernmental transfers account for about 60 per cent of total local government revenues in developing countries. Given this trend, the question […]
Many countries conduct spatial development policies targeted at economically lagging regions within their territory. Place-based policies often take the form of discretionary spending by higher-order government layers, such as the federal level, to subsidize investment […]
Fiscal decentralization and equalization are important tools to empower local government agencies in terms of financial autonomy and capacity building. The Ministry of Finance of Croatia adopted a fiscal equalization formula in 2018 with the […]
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