TY - JOUR
T1 - Decentralization and economic growth in Europe: for whom the bell tolls
AU - Carniti, Elena
AU - Cerniglia, Floriana Margherita
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\r\non the relationships between government size and growth and between decentralization and government size.\r\nThe framework is tested empirically on a panel of 25 European countries observed between 1995 and 2015. The\r\neconometric results show that the relationship between expenditure decentralization and growth is bell shaped. The\r\npaper also focuses on expenditure composition. In this respect, the relationship between investment decentralization\r\nand growth is an inverted bell-shaped curve: there is a critical mass of decentralized investments beyond which it is\r\npossible to enhance growth.
AB - The effects of fiscal decentralization on economic growth are analyzed. A theoretical framework is developed that builds\r\non the relationships between government size and growth and between decentralization and government size.\r\nThe framework is tested empirically on a panel of 25 European countries observed between 1995 and 2015. The\r\neconometric results show that the relationship between expenditure decentralization and growth is bell shaped. The\r\npaper also focuses on expenditure composition. In this respect, the relationship between investment decentralization\r\nand growth is an inverted bell-shaped curve: there is a critical mass of decentralized investments beyond which it is\r\npossible to enhance growth.
KW - capital expenditure
KW - decentralization
KW - capital expenditure
KW - decentralization
UR - https://publicatt.unicatt.it/handle/10807/158254
UR - https://www.scopus.com/inward/citedby.uri?partnerID=HzOxMe3b&scp=85052109460&origin=inward
UR - https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85052109460&origin=inward
U2 - 10.1080/00343404.2018.1494382
DO - 10.1080/00343404.2018.1494382
M3 - Article
SN - 0034-3404
VL - 53
SP - 775
EP - 789
JO - Regional Studies
JF - Regional Studies
IS - 6
ER -