FISCAL DECENTRALIZATION, MACROSTABILITY, AND GROWTH

MARTÍNEZ VÁZQUEZ, JORGE; MCNAB, ROBERT M.

HACIENDA PUBLICA ESPAÑOLA, n.º 179/2006, pág. 25 a 49

1. INTRODUCTION. 2. REVIEW OF THE LITERATURE. 3. A MODEL OF DECENTRALIZATION, MACROECONOMIC STABILITY, AND GROWTH. 4. EMPIRICAL ESTIMATION: THE IMPACT OF FISCAL DECENTRALIZATION. 4.1. THE MEASUREMENT OF FISCAL DECENTRALIZATION. 4.2. OTHER VARIABLES OF INTEREST. 4.3. FISCAL DECENTRALIZATION AND MACROECONOMIC STABILITY. 4.4. DECENTRALIZATION, MACROSTABILITY, AND ECONOMIC GROWTH. 5. SUMMARY AND CONCLUSIONS.