Fiscal Performance, Institutional Design and Decentralization in European Union Countries

Working Paper No. 12/45

This paper analyzes the impact of decentralization on overall fiscal performance in the European Union, taking into account fiscal institutional arrangements. We find that spending decentralization has been associated with sizably better fiscal performance, especially when transfer dependency of subnational governments is low. However, subnational fiscal rules do not seem to be associated with better performance.
Publication date: February 2012
ISBN: 9781463936464
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Economics- Macroeconomics , Economics / General , International - Economics , Fiscal Decentralization , Fiscal Institutions , Fiscal Rules , European Union , Government Expenditures

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