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Fiscal Decentralization and the Challenge of Hard Budget Constraints

2003 Business & Economics
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Release : 2003
Genre : Business & Economics
Kind : eBook
Book Rating : 294/5 ( reviews)

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Book Synopsis Fiscal Decentralization and the Challenge of Hard Budget Constraints by : Jonathan Rodden

Download or read book Fiscal Decentralization and the Challenge of Hard Budget Constraints written by Jonathan Rodden. This book was released on 2003. Available in PDF, EPUB and Kindle. Book excerpt: A multi-country study of the conditions under which decentralized countries might ensure fiscal discipline.

Decentralization and the Challenge of Hard Budget Constraints

2012
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Release : 2012
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Book Synopsis Decentralization and the Challenge of Hard Budget Constraints by : Jonathan Rodden

Download or read book Decentralization and the Challenge of Hard Budget Constraints written by Jonathan Rodden. This book was released on 2012. Available in PDF, EPUB and Kindle. Book excerpt: Since the early 1980s fiscal and political decentralization have spread around the world. But decentralization can encourage dangerous opportunistic behavior by state and local officials. Left unrestricted, such opportunism can undermine macroeconomic stability and other objectives. The most pressing manifestation of this problem is the softening of subnational budget constraints. The impact of decentralization on public sector efficiency and macroeconomic stability depends on a country's ability to prevent lower-level governments from passing on their liabilities to higher-level governments. This note draws on 11 countries to identify institutional factors associated with hard and soft budget constraints and extract policy lessons for other countries.

The Challenge of Fiscal Decentralization in Transition Countries

2002-06 Business & Economics
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Release : 2002-06
Genre : Business & Economics
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Book Synopsis The Challenge of Fiscal Decentralization in Transition Countries by : Era Dabla-Norris

Download or read book The Challenge of Fiscal Decentralization in Transition Countries written by Era Dabla-Norris. This book was released on 2002-06. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines key aspects of the ongoing decentralization process in transition economies and identifies areas where the present systems can have potentially adverse impacts on both service delivery and macroeconomic performance. We discuss three critical principles of a sound and efficient decentralized fiscal system-and then show the contrasts between these and actual trends and policies in transition countries.

Fiscal Decentralization and Budget Control

2016-03-25 Business & Economics
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Release : 2016-03-25
Genre : Business & Economics
Kind : eBook
Book Rating : 951/5 ( reviews)

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Book Synopsis Fiscal Decentralization and Budget Control by : Laura von Daniels

Download or read book Fiscal Decentralization and Budget Control written by Laura von Daniels. This book was released on 2016-03-25. Available in PDF, EPUB and Kindle. Book excerpt: How can governments control spending pressure from influential groups, often representing powerful regional interests? This book is concerned with institutional solutions that allow modern nation states to balance historically grown cultural, political and economic diversity. Laura von Daniels combines different literatures in economics and political science, and draws on interviews with former government leaders, and country experts from international organizations. She applies this research to topics such as fiscal institutions and budget balances, presenting a critical review of different institutional approaches to resolving fiscal imbalances and public indebtedness. Students and scholars of various disciplines, including politics, public and social policy, economics and business will find the discussions and detailed description of institutional reforms in emerging market nations to be of use to their research. It will also be of interest to practitioners working on fiscal decentralization and budget control.

Intergovernmental Relations and Fiscal Discipline: Between Common Tax Resources and Soft Budget Constraints

2001-05-01
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Release : 2001-05-01
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Book Rating : 687/5 ( reviews)

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Book Synopsis Intergovernmental Relations and Fiscal Discipline: Between Common Tax Resources and Soft Budget Constraints by : Guiseppe Pisauro

Download or read book Intergovernmental Relations and Fiscal Discipline: Between Common Tax Resources and Soft Budget Constraints written by Guiseppe Pisauro. This book was released on 2001-05-01. Available in PDF, EPUB and Kindle. Book excerpt: Fiscal decentralization is likely to entail a bias in the budget process toward higher public expenses and deficits. The paper reviews lessons drawn from the theoretical literature and international experience on the design of intergovernmental relations. The institutional setup should address the dual problem of "common tax resources" and "soft" budget constraints, where policies devised to correct one problem may exacerbate the other. An approach based on full tax autonomy of lower-tier governments and reliance on market discipline, not supplemented by self-imposed constitutional limits, is not advisable. More effective seems to be a cooperative approach with some preeminence granted to the central government.

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