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1.
Theories of the voluntary provision of public goods and development economics have clarified that complementarity in the production
process is a crucial ingredient to understanding how alternative economic environments affect economic performance. This paper
examines how the structures of intra- and inter-regional complementarity affect the relationship between economic growth and
fiscal decentralization. We provide a theory that describes how fiscal decentralization affects economic growth under various
structures of regional complementarity. Our empirical analysis, based on a panel data set of the fifty states of the United
States over the period of 1992–1997, supports our theoretical specification of the production function. Also, we observe a
hump-shaped relationship between fiscal decentralization and economic growth that is consistent with our theoretical result.
Our analysis also shows that the optimal degree of fiscal decentralization conducive to economic growth is higher than the
average of the data in some cases, and hence further decentralization is recommended for economic growth.
The previous version of the paper was presented at the 59th Congress of the International Institute of Public Finance (University
of Economics in Prague, Prague), the 2003 Fall Meeting of the Japanese Economic Association (Meiji University, Tokyo), the
60th Annual Meeting of the Japanese Institute of Public Finance (Kansai University, Osaka), and in seminars at Yokohama National
University and the University of California, Irvine. The authors acknowledge the comments and discussions by people including
Timothy Goodspeed, Kiyoshi Mitsui, Motohiro Sato, Etsuro Shioji, Tsunao Okumura, and Craig Parsons. We are also grateful for
the comments by the Editor (Amihai Glazer) and two anonymous referees. The usual disclaimer applies. Nishimura acknowledges
the financial support from JSPS (Japan Society for the Promotion of Science) Postdoctoral Fellowships for Research Abroad. 相似文献
2.
Abstract When external effects are important, markets will be inefficient, and economists have considered several broad classes of economic instruments to correct these inefficiencies. However, the standard economic analysis has tended to take the region, and the government, as a given; that is, this work has neglected important distinctions and interactions between the geographic scope of different pollutants, the enforcement authority of various levels of government, and the fiscal responsibilities of the various levels of government. It typically ignores the possibility that the externality may be created and addressed by local governments, and it does not consider the implications of decentralization for the design of economic instruments targeted at environmental problems. This paper examines the implications of decentralization for the design of corrective policies; that is, how does one design economic instruments in a decentralized fiscal system in which externalities exist at the local level and in which subnational governments have the power to provide local public services and to choose tax instruments that can both finance these expenditures and correct the market failures of externalities? 相似文献
3.
The relationship between growth and inequality is complex. After discussing some general background issues, motivated by extensive empirical evidence this paper focuses on public investment as a key determinant of the relationship. Two alternative frameworks, each offering sharply contrasting perspectives, are presented. The first employs the “representative consumer theory of distribution” where agent heterogeneity originates with wealth endowments. It yields an equilibrium in which aggregate dynamics drives distributional dynamics. In the second, agent heterogeneity arises from idiosyncratic productivity shocks and generates an equilibrium in which distributional dynamics drive growth. The impact of government investment on growth and inequality are shown to contrast sharply in the two approaches, thus illustrating the complexity of the growth-inequality relationship. 相似文献
4.
《Socio》2023
Grievances are vulnerable to state development and harmony; however, some factors provoke the masses and groups to vulnerability and state fragility (SF) by disturbing social cohesion. Under the grievance assumptions on the political process, this study has been designed to gauge the nexus of group grievances (GG), an essential parameter of social cohesion, institutional governance (IG), government legitimacy (GL), economic growth (EcG), and population growth (POPG) from the global perspective from 2008 to 2022 in a global panel of 158 countries considering the critical aspect of SF. The statistics reveal that PS is essential in controlling and managing the GG in the state. PS is the most significant factor in harmonizing the state's ethnic minorities, focus, and religious groups with stable policies and their grievances issues. It also states that apart from PS, another aspect of IG, Control of Corruption (CoC), helps mitigate malpractices and provides a transparent environment supporting grievances. It further demonstrates that EcG provokes grievances instead of lessening them among the key groups in the state, especially in the processing of industrialization. Because of the government's partiality to provide benefits to specific groups or sectors, that partiality and injustice hype the grievances among the public. Moreover, POPG is also a significant factor in increasing GG, along with government illegitimacy and untrust. The study concludes that to make the country agile and prosperous, the government should balance developing industrialization without compromising agricultural and domestic industries. It helps states gain public trust in the IG framework and GL. The government should harmonize its policies by tackling all minorities, ethnic, and religious groups coherently to maintain social cohesion in the country. Finally, One of the significant factors in natural resources and the scarcity of global resources is population. It stated that prudent population control measures better assist in resource scarcity and conflict management, such as in EU countries compared to Asia and Africa. Recent grievance movements in Brazil, China, India, Nigeria, Pakistan, and the US, are the practical application of this study because these countries fall in the list of the top 10 most populous countries. So, population control policies should be effectively implemented to support economic and social parity and mitigate GG. 相似文献