The economic effects of federalism and decentralization—a cross-country assessment
By Stefan Voigt, L. Blume. Public Choice, 2010
168 citations recorded by the source corpus.
This paper explores the idea that institutional details matter and that attempts to estimate the economic effects of federalism by employing a simple dummy variable neglect potentially important institutional details. Based on a principal component analysis, seven aspects of both federalism and decentralization are used as variables for explaining differences in (1) fiscal policy, (2) government effectiveness, (3) economic productivity, and (4) happiness. The results show that institutional details do, indeed, matter. Different aspects of federalism impact on the outcome variables to different degrees. This study adds to our knowledge on the transmission mechanisms of federalism and decentralization.
Subfields: Economics and Econometrics, Political Science and International Relations
View Paper: https://www.semanticscholar.org/paper/ba4881d2ec41585d5ada3619ce25d361cfb210f0
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Citations in the corpus
- The Impact of Fiscal Decentralization: A Survey (2015, unknown): “In addition, many dimensions of decentralization have emerged as essential determinants of or preconditions for pro-growth effects, justifying the view that decentralization and federalism should be treated as multifaceted phenomena (Voigt and Blume, 2012).”
- Economic Growth and Judicial Independence, a Dozen Years on: Cross-Country Evidence Using an Updated Set of Indicators (2015, background): “Studies following in the footsteps of Persson and Tabellini inquire into the effects of federalism (Feld et al. 2005; Voigt and Blume 2012; Baskaran and Feld 2013; Asatryan and Feld 2013) or of direct democracy (Feld and Savioz 1997; Blume et al.”