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Title:The economic effects of federalism and decentralization: a cross-country assessment PDF Logo
Authors:Voigt, Stefan
Blume, Lorenz
Issue Date:2009
Series/Report no.:Joint discussion paper series in economics 2009,05
Abstract:This paper is based on the conjecture that institutional details matter and that attempts to estimate the economic effects of federalism by drawing on a simple dummy variable neglect potentially important institutional details. Based on a pricipal 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 im pact on the outcome variables in different degrees. This study adds to our knowledge on the transmission mechanisms of federalism and decentralization. - Federalism ; decentralization ; fiscal federalism ; economic effects of constitutions ; constitutional economics
JEL:H71
H11
Document Type:Working Paper
Appears in Collections:MAGKS Joint Discussion Paper Series in Economics, Universität Marburg

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