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Fiscal decentralization : a political economy perspective
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Lockwood, Ben (2005) Fiscal decentralization : a political economy perspective. Working Paper. Coventry: University of Warwick, Department of Economics. Warwick economic research papers (No.721).
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Official URL: http://www2.warwick.ac.uk/fac/soc/economics/resear...
Abstract
This paper surveys recent contributions to the study of fiscal decentralization which adopt a political economy approach. It is argued that this approach can capture,
in a variety of formal models, the plausible and influential ideas (increasingly, supported by empirical evidence) that fiscal decentralization can lead to improved
preference-matching and accountability of government. In particular, recent work on centralized provision of public good provision via bargaining in a legislature shows how centralization reduces preference-matching, and recent work using "electoral agency" models formalizes the accountability argument. These models also provide insights into when decentralization may fail to deliver these benefits.
Item Type: | Working or Discussion Paper (Working Paper) | ||||
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Subjects: | H Social Sciences > HC Economic History and Conditions | ||||
Divisions: | Faculty of Social Sciences > Economics | ||||
Library of Congress Subject Headings (LCSH): | Decentralization in government, Economics, Public goods | ||||
Series Name: | Warwick economic research papers | ||||
Publisher: | University of Warwick, Department of Economics | ||||
Place of Publication: | Coventry | ||||
Official Date: | January 2005 | ||||
Dates: |
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Number: | No.721 | ||||
Number of Pages: | 35 | ||||
Status: | Not Peer Reviewed | ||||
Access rights to Published version: | Open Access (Creative Commons) | ||||
Version or Related Resource: | Lockwood, B. (forthcoming). Fiscal decentralization: a political economy perspective. In: E.Ahamad and G.Brosio (eds). Handbook of Fiscal Federalism. Edward Elgar. |
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