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http://hdl.handle.net/2445/116362| Title: | Does fiscal decentralization foster regional investment in productive infrastructure? |
| Author: | Kappeler, Andreas Solé Ollé, Albert Stephan, Andreas Välilä, Timo |
| Keywords: | Descentralització administrativa Federalisme Administració fiscal Anàlisi de dades de panel Decentralization in government Federalism Tax administration and procedure Panel analysis |
| Issue Date: | 2012 |
| Publisher: | Institut d’Economia de Barcelona |
| Series/Report no: | [WP E-IEB12/32] |
| Abstract: | The aim of this paper is to analyze the effect of revenue decentralization on the provision of infrastructure at the sub-national level. We estimate the effects of revenue decentralization and earmarked grant financing on the level of sub-national infrastructure investment in 20 European countries over the period 1990-2009. The results are interpreted in light of the predictions of the theory on fiscal federalism. We find that it is sub-national infrastructure investment that increases after revenue decentralization and not investment in redistribution. However, the effect of revenue decentralization is lower the higher the use of earmarked grants to fund infrastructure investment. |
| Note: | Reproducció del document publicat a: http://www.ieb.ub.edu/2012022157/ieb/ultimes-publicacions |
| It is part of: | IEB Working Paper 2012/32 |
| URI: | http://hdl.handle.net/2445/116362 |
| Appears in Collections: | IEB (Institut d’Economia de Barcelona) – Working Papers |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| IEB12-32_Kappeler.pdf | 518.49 kB | Adobe PDF | View/Open |
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