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

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

*Autore corrispondente per questo lavoro

Risultato della ricerca: Contributo in rivistaArticolopeer review

10 Citazioni (Scopus)

Abstract

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.
Lingua originaleInglese
pagine (da-a)775-789
Numero di pagine15
RivistaRegional Studies
Volume53
Numero di pubblicazione6
DOI
Stato di pubblicazionePubblicato - 2019

All Science Journal Classification (ASJC) codes

  • Scienze Ambientali Generali
  • Scienze Sociali Generali

Keywords

  • capital expenditure
  • decentralization

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