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Beyond the centre

2024-11Artigo científico Acesso aberto
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dc.contributor.authorAfonso, António
dc.contributor.authorJalles, João Tovar
dc.contributor.authorMonteiro, Ana Sofia
dc.contributor.authorAlves, José
dc.contributor.institutionNOVA School of Business and Economics (NOVA SBE)
dc.contributor.pblElsevier
dc.date.accessioned2024-11-05T23:16:37Z
dc.date.available2024-11-05T23:16:37Z
dc.date.issued2024-11
dc.descriptionPublisher Copyright: © 2024 The Authors
dc.description.abstractThis paper explores the nuanced relationship between fiscal decentralization and fiscal sustainability. Employing panel data analyses, it scrutinizes how decentralization influences fiscal discipline across different governmental levels. Results for 185 countries show that while tax decentralization often hampers the degree of fiscal responsiveness, potentially due to misaligned local and national objectives and loss of scale efficiency, spending decentralization can enhance fiscal outcomes by promoting efficient resource allocation. These findings are contextualized within a broad range of economic and political environments, highlighting that the impacts of decentralization are contingent upon local capacities and overarching governance frameworks. Hence, we contribute to the understanding of fiscal policies’ complexity in decentralized systems and offer significant policy insights for fiscal sustainability in varied administrative contexts.en
dc.description.versionpublishersversion
dc.description.versionpublished
dc.format.extent4767766
dc.identifier.doi10.1016/j.iref.2024.103662
dc.identifier.issn1059-0560
dc.identifier.otherPURE: 100886913
dc.identifier.otherPURE UUID: 8c330727-b207-4759-b221-3f22e62d3c1d
dc.identifier.otherScopus: 85205324740
dc.identifier.otherWOS: 001330891100001
dc.identifier.urihttp://hdl.handle.net/10362/174652
dc.identifier.urlhttps://www.scopus.com/pages/publications/85205324740
dc.language.isoeng
dc.peerreviewedyes
dc.subjectDecentralization
dc.subjectFiscal rules
dc.subjectFiscal sustainability
dc.subjectPanel data analysis
dc.subjectPolitical cycles
dc.subjectTime-varying coefficients
dc.subjectFinance
dc.subjectEconomics and Econometrics
dc.titleBeyond the centreen
dc.title.subtitleTracing decentralization's influence on time-varying fiscal sustainabilityen
dc.typejournal article
degois.publication.titleInternational Review of Economics and Finance
degois.publication.volume96
dspace.entity.typePublication
rcaap.rightsopenAccess

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