Decentralization and Macroeconomic Management

Decentralization and Macroeconomic Management
Author: Mrs.Teresa Ter-Minassian
Publisher: International Monetary Fund
Total Pages: 17
Release: 1997-11-01
Genre: Business & Economics
ISBN: 1451857276

The literature on fiscal federalism has amply discussed both the potential efficiency and welfare gains from decentralization and the potential trade-offs between decentralization and income redistribution. By contrast, it has generally put less emphasis on the effects of decentralization on macroeconomic management, although policymakers worldwide increasingly have to grapple with these effects. This paper examines the constraints that a high degree of decentralization can place on the ability of the central government to carry out its traditional macroeconomic management functions and explores various ways to minimize these constraints.

Public Financial Management Reforms in Turkey: Progress and Challenges, Volume 2

Public Financial Management Reforms in Turkey: Progress and Challenges, Volume 2
Author: Tekin Akdemir
Publisher: Springer Nature
Total Pages: 284
Release: 2020-06-08
Genre: Business & Economics
ISBN: 9811542260

This book provides an assessment of public financial management (PFM) reforms in developing countries using Turkey as a case study. Volume II elaborates on asset and liability management, intergovernmental fiscal relations, accounting, financial reporting, and auditing. Bringing together academics and practitioners, the book analyzes the PFM reforms in the light of theoretical explanations and practices to reveal the achievements, challenges, and future perspectives of PFM.

Fiscal Decentralization and Local Finance in Developing Countries

Fiscal Decentralization and Local Finance in Developing Countries
Author: Roy Bahl
Publisher: Edward Elgar Publishing
Total Pages: 430
Release: 2018-03-30
Genre: Business & Economics
ISBN: 1786435306

This book draws on experiences in developing countries to bridge the gap between the conventional textbook treatment of fiscal decentralization and the actual practice of subnational government finance. The extensive literature about the theory and practice is surveyed and longstanding problems and new questions are addressed. It focuses on the key choices that must be made in decentralizing, on how economic and political factors shape the choices that countries make, and on how, by paying more attention to the need for a more comprehensive approach and the critical connections between different components of decentralization reform, everyone involved might get more for their money.

Fiscal Federalism in Theory and Practice

Fiscal Federalism in Theory and Practice
Author: Mrs.Teresa Ter-Minassian
Publisher: International Monetary Fund
Total Pages: 1146
Release: 1997-09-10
Genre: Business & Economics
ISBN: 9781557756633

Over the past few decades, a clear trend has emerged worldwide toward the devolution of spending and, to a lesser extent, revenue-raising responsibilities to state and local levels of government. One view is that the decentralization of spending responsibilities can entail substantial gains in terms of distributed equity and macroeconomic management. The papers in this volume, edited by Teresa Ter-Minassian, examine the validity of these views in light of theoretical considerations, as well as the experience of a number of countries.

Fiscal Federalism 2022 Making Decentralisation Work

Fiscal Federalism 2022 Making Decentralisation Work
Author: OECD
Publisher: OECD Publishing
Total Pages: 290
Release: 2021-12-20
Genre:
ISBN: 9264912959

Fiscal Federalism 2022 surveys recent trends and policies in intergovernmental fiscal relations and subnational government. Accessible and easy-to-read chapters provide insight into: good practices in fiscal federalism; the design of fiscal equalisation systems; measuring subnational tax and spending autonomy; promoting public sector performance across levels of government; digitalisation challenges and opportunities; the role of subnational accounting and insolvency frameworks; funding and financing of local government public investment; and early lessons from the COVID-19 crisis for intergovernmental fiscal relations.

Fiscal Decentralization in Developing Countries

Fiscal Decentralization in Developing Countries
Author: Richard M. Bird
Publisher: Cambridge University Press
Total Pages: 320
Release: 2008-12-04
Genre: Business & Economics
ISBN: 9780521101585

Fiscal Decentralisation in Developing Countries features important, original and up-to-date research from leading scholars assessing fiscal decentralization in developing countries. It has rich and varied case-study material from countries as diverse as India, China, Colombia, Bosnia-Herzogovina and South Africa.

Macroeconomic Management and Fiscal Decentralization

Macroeconomic Management and Fiscal Decentralization
Author: Jayanta Roy
Publisher: World Bank Publications
Total Pages: 270
Release: 1995-01-01
Genre: Business & Economics
ISBN: 9780821334096

Suggests guidelines by which developing countries can successfully manage the rapid surge in government revenues that occurs during a commodity boom. The book addresses the problems associated with such booms, including long-term spending commitments, Dutch disease, and a slowdown in diversification.

Fiscal Decentralization and the Efficiency of Public Service Delivery

Fiscal Decentralization and the Efficiency of Public Service Delivery
Author: Moussé Sow
Publisher: International Monetary Fund
Total Pages: 30
Release: 2015-03-17
Genre: Business & Economics
ISBN: 1475564031

This paper explores the impact of fiscal decentralization on the efficiency of public service delivery. It uses a stochastic frontier method to estimate time-varying efficiency coefficients and analyzes the impact of fiscal decentralization on those efficiency coefficients. The findings indicate that fiscal decentralization can improve the efficiency of public service delivery but only under specific conditions. First, the decentralization process requires adequate political and institutional environments. Second, a sufficient degree of expenditure decentralization seems necessary to obtain favorable outcomes. Third, decentralization of expenditure needs to be accompanied by sufficient decentralization of revenue. Absent those conditions, fiscal decentralization can worsen the efficiency of public service delivery.