Decentralization and economic growth in Europe: for whom the bell tolls

Floriana Margherita Cerniglia; Elena Carniti; Riccarda Longaretti; Alessandra Michelangeli

doi:10.1080/00343404.2018.1494382

Decentralization and economic growth in Europe: for whom the bell tolls

Floriana Margherita Cerniglia, Elena Carniti, Riccarda Longaretti, Alessandra Michelangeli

Risultato della ricerca: Contributo in rivista › Articolo in rivista › peer review

8 Citazioni (Scopus)

Abstract

The effects of fiscal decentralization on economic growth are analyzed. A theoretical framework is developed that builds on the relationships between government size and growth and between decentralization and government size. The framework is tested empirically on a panel of 25 European countries observed between 1995 and 2015. The econometric results show that the relationship between expenditure decentralization and growth is bell shaped. The paper also focuses on expenditure composition. In this respect, the relationship between investment decentralization and growth is an inverted bell-shaped curve: there is a critical mass of decentralized investments beyond which it is possible to enhance growth.

Lingua originale	English
pagine (da-a)	775-789
Numero di pagine	15
Rivista	Regional Studies
Volume	53
DOI	https://doi.org/10.1080/00343404.2018.1494382
Stato di pubblicazione	Pubblicato - 2019

Keywords

capital expenditure
decentralization

Accesso al documento

10.1080/00343404.2018.1494382

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T1 - Decentralization and economic growth in Europe: for whom the bell tolls

AU - Cerniglia, Floriana Margherita

AU - Carniti, Elena

AU - Longaretti, Riccarda

AU - Michelangeli, Alessandra

PY - 2019

Y1 - 2019

N2 - The effects of fiscal decentralization on economic growth are analyzed. A theoretical framework is developed that builds on the relationships between government size and growth and between decentralization and government size. The framework is tested empirically on a panel of 25 European countries observed between 1995 and 2015. The econometric results show that the relationship between expenditure decentralization and growth is bell shaped. The paper also focuses on expenditure composition. In this respect, the relationship between investment decentralization and growth is an inverted bell-shaped curve: there is a critical mass of decentralized investments beyond which it is possible to enhance growth.

AB - The effects of fiscal decentralization on economic growth are analyzed. A theoretical framework is developed that builds on the relationships between government size and growth and between decentralization and government size. The framework is tested empirically on a panel of 25 European countries observed between 1995 and 2015. The econometric results show that the relationship between expenditure decentralization and growth is bell shaped. The paper also focuses on expenditure composition. In this respect, the relationship between investment decentralization and growth is an inverted bell-shaped curve: there is a critical mass of decentralized investments beyond which it is possible to enhance growth.

KW - capital expenditure

KW - decentralization

KW - capital expenditure

KW - decentralization

UR - http://hdl.handle.net/10807/158254

U2 - 10.1080/00343404.2018.1494382

DO - 10.1080/00343404.2018.1494382

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EP - 789

JO - Regional Studies

JF - Regional Studies

SN - 0034-3404

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