Fiscal federalism and long-run macroeconomic performance

• Verfasst von: Feld, Lars P.
• Titel: Fiscal federalism and long-run macroeconomic performance
• Titelzusatz: a survey of recent research
• Mitwirkende: Schnellenbach, Jan
• Verf.angabe: Lars P. Feld, Jan Schnellenbach
• Verlagsort: [S.l.]
• Verlag: SSRN
• E-Jahr: 2010
• Jahr: [2010]
• Umfang: 1 Online-Ressource (30 p)
• Fussnoten: Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 7, 2010 erstellt
• DOI: doi:10.2139/ssrn.1566390
• Datenträger: Online-Ressource
• Sprache: eng
• K10plus-PPN: 1793207453

Abstract

In this paper, we offer both a broad survey of the literature on fiscal federalism and long-run economic performance, and a detailed report of some of our own recent studies in this field. We look at the difference between study types (cross-country versus single-country studies), and at the relevance of the broader institutional framework into which fiscal decentralization is embedded. We also look into structural change and intergovernmental transfers as a detailed mechanism through which federalism may have an impact on aggregate economic performance. It turns out that fiscal decentralization has no robust effect on growth, but the evidence hints at a positive effect on overall productivity, conditional on the broader institutional framework