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| Author: | Lockwood, B. |
| Title: | Distributive politics and the costs of centralization |
| Journal: | Review of Economic Studies
2002 : APR, VOL. 69:2(239), p. 313-337 |
| Index terms: | Centralisation Decentralisation Fiscal policy Political economy Regional policy |
| Language: | eng |
| Abstract: | This paper studies the choice between centralization and decentralization of fiscal policy in a political economy setting. With centralization, regional delegates vote over agendas comprising sets of region-specific projects. The outcome is inefficient because of the choice of projects is insufficiently sensitive to within-region benefits. |
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